Historic Four-Unit Residential
For Sale
$1,299,000
1459 W 29TH ST, Los Angeles, CA 90007
Four-unit income property with USC student rentals, alley-access parking, and Mills Act compliance requirements for three structures.
Property Size2,986 SF
Days on Market1580
Property Features for 1459 W 29TH ST
General Information
Standard status
Active
Size
2,986 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
4
Building Details
Building Size
2,986 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Estate Properties
(310) 802-2260
Listed By:
Jeffrey White · License #01133469
Source:
Rochellemaize
Added: May 3, 2022
Changed: Aug 16
Last Checked: Aug 28 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Estate Properties
Investment Insights
Based on property information with market context.
This historic four-unit property is currently under the Mills Act. The configuration includes a large two-story front duplex and two separate detached houses at the rear. The main two-story unit is a 4-bedroom USC student rental, and the front duplex includes an additional 1-bedroom USC student rental. Additional income is generated from on-site laundry with a washer/dryer. Alley access is available for parking.
The seller notes that there is no sign on the property and that occupants should not be disturbed. Mills Act compliance requires work to be performed on all three structures. The seller will retain the gas/mineral rights associated with the property.
From an operator’s perspective, this setup is geared toward tenanting to USC students, with units already leased to USC students as described. Prospective buyers should factor in the Mills Act compliance work required across the front duplex and the two rear detached houses, along with the existing laundry revenue component. As presented, the property offers a four-unit residential portfolio with rear-alley parking access and an income stream supported by current in-place leases and laundry operations.
The seller notes that there is no sign on the property and that occupants should not be disturbed. Mills Act compliance requires work to be performed on all three structures. The seller will retain the gas/mineral rights associated with the property.
From an operator’s perspective, this setup is geared toward tenanting to USC students, with units already leased to USC students as described. Prospective buyers should factor in the Mills Act compliance work required across the front duplex and the two rear detached houses, along with the existing laundry revenue component. As presented, the property offers a four-unit residential portfolio with rear-alley parking access and an income stream supported by current in-place leases and laundry operations.
Key Highlights
- Historic four‑unit property built in 1910, currently under the Mills Act
- Front duplex plus two separate detached houses at the rear, with alley access for parking
- USC student rentals: 4‑bedroom unit rent listed at $3,100/month and 1‑bedroom unit rent listed at $1,508/month
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with USC student rentals, alley-access parking, and Mills Act compliance requirements for three structures.
Where is this quadplex located?
The property is located at 1459 W 29TH ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Historic four‑unit property built in 1910, currently under the Mills Act; Front duplex plus two separate detached houses at the rear, with alley access for parking; USC student rentals: 4‑bedroom unit rent listed at $3,100/month and 1‑bedroom unit rent listed at $1,508/month
