716 W 30th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$3,200,000 USD
310-617-2240
716 W 30th St, Los Angeles, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/25
null | 6.11% Cap Rate

716 W 30th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Prime USC location- Steps from USC Campus, The Row, Shrine Auditorium, USC Village
  • 6.11% Cap rate/ 10.54 GRM
  • 70 year Family Ownership with consistent 100% Occupancy

OVERVIEW

716 West 30th Street presents an exceptional opportunity to acquire a turnkey USC student-housing asset with 15 bedrooms and 6 bathrooms located just steps from the USC campus, The Row (sororities and fraternities), Shrine Auditorium and USC Village. The Walking Score is 93, and the Biker’s Score is 100, ideal for students. The property is located within USC's Department of Public Safety (DPS) zone, Free Lyft zone and monitored by the CSC (Yellowjackets). The property is newly renovated with a completely modern interior design and is professionally managed. It features 6 units with a total of 15 bedrooms and 6 bathrooms. The building SF is 5,615 and is situated on a 6,762 SF lot. It features an ideal unit mix for Student housing: (1) 4Bd/1Ba, (3) 3Bd/1Ba, and (2) 1Bd/1Ba Cottages. The four larger units are in the front two-story building with the two stand-alone cottages in the rear. There is laundry onsite and a Zen garden with Bbq for the tenant's enjoyment. Entry to the property is gated and locked and there are surveillance cameras with a monitor system. the There is a two-car garage delivered vacant for owner use, or to rent for additional income. Utilities expenses are low- the current owner only pays for water-gas & electric are separately metered. Seismic retrofit and SB 721 have been completed by the seller. The average current rent per bedroom is $1,677

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$570 USD /SF

# OF UNITS

6

PRICE/UNIT

$533,333

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USC Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,762 SF

ZONING

LAR3

APN/PARCEL ID

5123-011-022

ASK ABOUT THIS PROPERTY

Keith MoretLyon Stahl Investment Real EstateMore Info
310-617-2240

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Keith MoretLyon Stahl Investment Real EstateMore Info
310-617-2240

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