1009 E 29th Street, Los Angeles, CA 90011
List Price: $4.94M
Listing Status: Active
Original List Price: $5.45M
0Days on Market: 21
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 2026
Lot Size: 7,742 sq ft
Private Pool: Yes
MLS Number: SB26084832
About This Property
We are pleased to present 1009 E 29th St, a newly constructed 19-unit multifamily asset located in a central Los Angeles submarket with convenient access to Downtown Los Angeles and surrounding employment centers. ***The property is nearing Certificate of Occupancy and will be delivered 100% vacant, providing investors with full operational control and the ability to implement a customized lease-up strategy from inception. >>The asset offers a more manageable scale relative to larger developments, allowing for a more efficient lease-up and reduced execution risk. The building is fully ADA compliant, supporting a wide range of operational strategies, including workforce, voucher-based, or supportive housing.*** As new construction, the property requires no immediate capital expenditure, offering a stabilized physical plant and allowing ownership to focus on leasing and operations. The vacant delivery further enhances flexibility, eliminating tenant-related constraints and enabling immediate occupancy. << The location provides access to major transportation corridors, public transit, and a broad base of employment drivers throughout the Downtown Los Angeles area, supporting long-term rental demand. 1009 E 29th St presents an opportunity to acquire a newly delivered multifamily asset with operational flexibility, reduced near-term capital needs, and a clear path to stabilization.
Listing provided by: Olga Wright DRE #01315042 310-425-9838 olga@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.