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The Dunes 1232 W 29th St 20 Unit Apartment Building $5,250,000 ($262,500/Unit) 5.21% Cap Rate Los Angeles, CA 90007
EXECUTIVE SUMMARY
We are pleased to present The Dunes, a stabilized 20-unit / 27-bedroom student housing asset located in one of USC’s most established off-campus pockets. The property offers strong in-place operations, completed soft-story retrofit, and clear value-add potential through interior upgrades and student-focused repositioning.
PROPERTY FACTS
| Price | $5,250,000 | Property Subtype | Apartment |
| Price Per Unit | $262,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.21% | Lot Size | 0.31 AC |
| Gross Rent Multiplier | 10.95 | Building Size | 12,753 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Zoning | LAR3 | ||
| Price | $5,250,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 10.95 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 12,753 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Range
- Tub/Shower
- Carpet
- Grill
SITE AMENITIES
- Grill
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 5055-030-015 | Improvements Assessment | $541,106 |
| Land Assessment | $541,106 | Total Assessment | $1,082,212 |
PROPERTY TAXES
Parcel Number
5055-030-015
Land Assessment
$541,106
Improvements Assessment
$541,106
Total Assessment
$1,082,212
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The Dunes | 1232 W 29th St
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