721 W 30th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$7,100,000 USD
818-321-6490
721 W 30th St, Los Angeles, CA for Sale
$7,100,000 USD
Apartments - FOR SALE
1/18
null | 6.18% Cap Rate

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


HIGHLIGHTS

  • Located within the USC Department of Public Safety Patrol Zone!
  • Includes 36 parking spaces!
  • Potential to add 6 ADUs! (Buyer to confirm)
  • Fully occupied by USC students!
  • Premier location nearby to campus and USC Village!
  • Adjacent to Greek Row at USC!

OVERVIEW

We are proud to present 721 W 30th St, “The Spot,” a rare 20-unit apartment community located just steps from the main campus of the University of Southern California in one of the most sought-after student housing markets in Los Angeles! First time on the market in 23 years! Situated on an 11,795 square foot LAR1.5-zoned lot, the property consists of a 12,982 square foot building featuring an attractive unit mix of one (1) 4-bedroom + 2-bath unit, two (2) 2-bedroom + 2-bath units, sixteen (16) 1-bedroom + 1-bath units, and one (1) studio unit. The property offers 36 assigned parking spaces, an on-site laundry facility, and has been meticulously maintained by ownership. Residents benefit from premier walkability to the USC Village, Shrine Auditorium, and the extensive dining, retail, and entertainment amenities along Figueroa Street. Investment opportunities in this premier USC pocket are extremely limited, making “The Spot” a compelling opportunity or both investors and student housing operators alike.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$549 USD /SF

# OF UNITS

20

PRICE/UNIT

$355,000

CAP RATE

6.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Spot on 30th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,795 SF

ZONING

LARD1.5

APN/PARCEL ID

5123-013-004

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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