Trojan Villa Triplex | 1294 W 29th St
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Trojan Villa Triplex 1294 W 29th St
3 Unit Apartment Building $4,642,051 CAD ($1,547,350 CAD/Unit) 5.17% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Prime North University Park USC Student Housing location!
- Short walking distance to USC main campus and USC main village!
- Highly sought after location for students!
- Total 18 bedrooms!
- 7 onsite parking spaces!
- 2 rear units built 2001 and NOT subject to LARSO!
Executive Summary
USC STUDENT HOUSING IN HISTORIC UNIVERSITY PARK DISTRICT! This exceptional real estate opportunity features prime private student housing located in one of the most desirable neighborhoods for USC students—North University Park. Comprising three units, the property includes a 6-bedroom, 3-bathroom house built in 1898, along with two modern 6-bedroom, 3-bathroom apartment units constructed in 2001. With a total of 18 bedrooms and 9 bathrooms, this property offers ample space for student living.
The total building size spans 5,126 square feet, set on a 6,770 square-foot lot. This property boasts convenient alley access to the rear, with a total of seven on-site parking spaces for residents. The landscaped yard adds a touch of greenery to the space, while the location offers unbeatable proximity to USC Village, the USC Main campus, and other student amenities—all within a short walking distance. This property presents a rare and valuable opportunity.
The total building size spans 5,126 square feet, set on a 6,770 square-foot lot. This property boasts convenient alley access to the rear, with a total of seven on-site parking spaces for residents. The landscaped yard adds a touch of greenery to the space, while the location offers unbeatable proximity to USC Village, the USC Main campus, and other student amenities—all within a short walking distance. This property presents a rare and valuable opportunity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,642,051 CAD | Apartment Style | Garden |
| Price Per Unit | $1,547,350 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.17% | Building Size | 5,300 SF |
| Gross Rent Multiplier | 13.5 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1898/2001 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,642,051 CAD |
| Price Per Unit | $1,547,350 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,300 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1898/2001 |
| Parking Ratio | 1.32/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3 | 3 | $9,716 CAD | 1,600 - 2,100 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (88)
zoning
| Zoning Code | LAR4 |
| LAR4 |
-
Michael Fukushima -
Stephen Watson -
Total Realty Group
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Trojan Villa Triplex | 1294 W 29th St
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