*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Property Fully Leased for the 2025-2026 Academic School Year! Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North University Park, just a short walk from the University of Southern California (USC) campus. This 6,422 sq. ft. building sits on a 6,840 sq. ft. lot and features 16 units, including 15 studio apartments and one 1-bedroom unit, all fully occupied by USC students. Renovated in 2005 and meticulously cared for since, The Pointe offers a well-maintained, turnkey property with an on-site laundry facility and a total of 10 parking spaces, including 4 tandem tuck-under parking spaces in the front and 6 tuck-under spaces in the rear.The property's prime location provides easy access to USC campus and USC Village, making it a highly desirable residence for students. With its close proximity to the USC campus, The Pointe enjoys a high demand for leasing, ensuring minimal vacancy and steady rental income. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional opportunity for investors seeking a low-maintenance, fully occupied property in one of Los Angeles' most dynamic neighborhoods. Don't miss your chance to invest in this prime piece of student housing real estate with excellent potential for continued growth.
Listed by Michael R. Fukushima
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License #01380445
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Keller Williams Los Angeles
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818-321-6490
Listed by Stephen F. Watson
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License #01187813
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Keller Williams Los Angeles
Last updated December 03, 2025
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Source: CRMLS #25504093
Listing Facts
TypeMulti-family
NeighborhoodUniversity Park
Bedrooms16
Days on Prevu287
Size6,422 sqft
Price per sqft$677
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$4,350,000
10/21/2025
Status changed to Removed from Feed
$4,350,000
10/20/2025
Status changed to Active
$4,350,000
10/19/2025
Status changed to Removed from Feed
$4,350,000
10/17/2025
Status changed to Active
$4,350,000
10/16/2025
Status changed to Removed from Feed
$4,350,000
10/04/2025
Status changed to Active
$4,350,000
10/03/2025
Status changed to Removed from Feed
$4,350,000
09/20/2025
Status changed to Active
$4,350,000
09/19/2025
Status changed to Removed from Feed
$4,350,000
09/18/2025
Status changed to Active
$4,350,000
09/16/2025
Status changed to Removed from Feed
$4,350,000
09/16/2025
Status changed to Active
$4,350,000
09/14/2025
Status changed to Removed from Feed
$4,350,000
09/12/2025
Status changed to Active
$4,350,000
09/05/2025
Status changed to Removed from Feed
$4,350,000
09/04/2025
Status changed to Active
$4,350,000
09/03/2025
Status changed to Removed from Feed
$4,350,000
08/31/2025
Status changed to Active
$4,350,000
08/30/2025
Status changed to Removed from Feed
$4,350,000
07/24/2025
Status changed to Active
$4,350,000
07/23/2025
Status changed to Removed from Feed
$4,350,000
06/28/2025
Status changed to Active
$4,350,000
06/27/2025
Status changed to Removed from Feed
$4,350,000
06/11/2025
Price Decreased
$4,350,000
05/07/2025
Price Decreased
$4,500,000
02/27/2025
Listed by Keller Williams Los Angeles
$5,000,000
Property Details for 1150 W 29th Street
Exterior
Construction
Number Of Units Total: 16
Stories: 2
Stories Total: 2
Year Built: 1962
Measurements
Building Area Total: 6,422
Lot Size Acres: 0.15
Lot Size Area: 6,840
Lot Size Source: Assessor
Lot Size Square Feet: 6,840
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.0
Gross Income: $374,280.00
Taxes
Parcel Number: 5055029018
Interior
Features
Appliances: Oven
Measurements
Living Area: 6,422
Living Area Source: Assessor
Rooms
Bathrooms Total Integer: 16
Bedrooms Total: 16
Parking
Parking
Parking Features: Covered
Parking Total: 10
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 16 bedrooms in this multi-family home at 1150 W 29th Street.
Does this multi-family home have parking?
Yes, there are 10 parking spaces available for 1150 W 29th Street.
How does 1150 W 29th Street compare to other multi-family homes in University Park?
This multi-family home is listed 0% above the average price for multi-family homes in University Park and has been on the market for 188 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 6,422 sqft.
1150 W 29th Street is a 16-bedroom multi-family home for sale in Los Angeles CA 90007. On Prevu for 287 days at $4,350,000. This includes a recent price decrease of $150,000. This residence features 6,422 square feet of living space, located in University Park. The median listing price for multi-family homes in this area is $3,212,500. The home offers parking. Explore more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.