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Brand New Construction 19 Units Los Angeles 1009 E 29th St 19 Unit Apartment Building $7,453,965 CAD ($392,314 CAD/Unit) 6.95% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Brand new construction (2026 delivery) with no deferred maintenance or capital expenditure needs
- 100% vacant with no tenant relocation requirements or regulatory hurdles
- Turnkey asset ready for immediate program deployment and resident placement
- Certificate of Occupancy imminent, allowing for immediate occupancy and lease-up
- Fully ADA compliant, ideal for supportive housing and special needs populations
- Well-suited for Project-Based Vouchers (PBV), Section 8, and other housing programs
Executive Summary
1009 E 29th St presents a rare opportunity to acquire a newly constructed, fully ADA-compliant 19-unit multifamily property in Los Angeles, with Certificate of Occupancy expected within weeks. Delivered 100% vacant, the property offers immediate lease-up potential without tenant relocation, construction risk, or deferred maintenance. The building is ideally suited for affordable housing, supportive housing, bridge housing, or voucher-based programs seeking turnkey deployment. With modern construction, full ADA accessibility, and readiness for occupancy, this asset provides a unique opportunity for nonprofit developers, housing authorities, and service providers to rapidly place residents and stabilize operations.
Property Facts
| Price | $7,453,965 CAD | Property Subtype | Apartment |
| Price Per Unit | $392,314 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.95% | Lot Size | 0.24 AC |
| Gross Rent Multiplier | 10.16 | Building Size | 10,324 SF |
| No. Units | 19 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2026 |
| Zoning | LAR3 - Multiple Residential | ||
| Price | $7,453,965 CAD |
| Price Per Unit | $392,314 CAD |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| Gross Rent Multiplier | 10.16 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,324 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | LAR3 - Multiple Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+1 | 2 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5128-022-025 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,125,787 CAD | Total Assessment | $1,125,787 CAD |
Property Taxes
Parcel Number
5128-022-025
Land Assessment
$1,125,787 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,125,787 CAD
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Brand New Construction 19 Units Los Angeles | 1009 E 29th St
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