1030 W 23rd St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,700,000 USD
213-943-1897
1030 W 23rd St, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/16
null | 7.8% Cap Rate

1030 W 23rd St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Located within the USC patrol zone
  • Newly constructed ADU elevates the asset’s overall condition and rental potential and is equipped with solar panels
  • Fully renovated with stainless steel appliances, laminate flooring, and modern bathrooms
  • Walking distance to USC, cafés, restaurants, and entertainment; minutes from Downtown LA, the Coliseum, and Exposition Park
  • Los Angeles will host the 2028 Summer Games, supporting infrastructure upgrades, neighborhood improvements, and enhancements to nearby venues
  • Reduced RSO rent increases are expected to have minimal impact on USC-area student housing due to annual turnover

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit (3 + 1 ADU), 13-Bedroom student housing community located at 1030-1032.75 West 23rd Street. The property is situated north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone. The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways. Situated on an 5,304-square-foot lot, the property features two two-bedroom units, one four-bedroom units, and one newly constructed five-bedroom ADU. All units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students. 1030 West 23rd street presents investors with a opportunity to acquire a well-managed USC student housing community within the sought-after USC Patrol Zone The Property is part of a five-property offering consisting of: (1) 1139-1143.75 West 27th Street (2) 2370-2372.5 Portland Street (3) 1030-1032.75 West 23rd Street (4) 1140-1142 West 25th St (5) 2325-2327 Portland Street. Properties may be purchased individually or in any combination thereof. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$518 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

7.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13-Bedroom USC Student Housing Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1898

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,304 SF

ZONING

[Q]RD2-1XL-O-HPOZ

APN/PARCEL ID

5124-007-013

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.