921 W 30th St - Multi-Family FOR SALE


Los Angeles, CA 90007- West Adams
$2,650,000 USD
310-658-2668
921 W 30th St, Los Angeles, CA for Sale
$2,650,000 USD
Multi-Family - FOR SALE
1/14
null | 5.75% Cap Rate

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


HIGHLIGHTS

  • Prime USC Location: Steps from campus, USC Village, Rawlinson Stadium, and situated directly on Fraternity Row within the DPS Patrol Zone.
  • Large 9,857 SF Lot (LARD1.5): Rare oversized parcel north of campus with two standalone structures.
  • Two High-Quality Buildings: Renovated 4bd/3ba front house + 2013-built rear structure with 6bd/5ba, each with modern finishes and in-unit laundry.
  • Value-Add Potential: Opportunity to add multiple full-size ADUs and additional bedrooms/bathrooms to increase rents and long-term returns.
  • Redevelopment Optionality: Zoning allows 7 units by right and up to 10 units with Tier 3 TOC incentives (buyer to verify).
  • Strong Long-Term Hold: Exceptional demand location with flexible pathways for expansion, reconfiguration, or future development.

OVERVIEW

The Shamooelian Real Estate Group is pleased to present the opportunity to acquire 921-923 W. 30th Street, a rare large-lot multi-structure student housing asset located steps away from the University of Southern California, USC Village, and the new state-of-the-art Rawlinson Stadium. Nestled in the heart of Fraternity Row within the DPS Patrol Zone, the property offers unmatched proximity to campus, world-class facilities, and student life, with a gated entry providing added privacy and security, making it one of the most desirable locations in the USC submarket. The property sits on an expansive 9,857 SF LARD1.5-zoned lot and is comprised of two well-maintained buildings: a renovated front house featuring four (4) bedrooms and three (3) bathrooms, and a rear structure built in 2013 with six (6) bedrooms and five (5) bathrooms. Both units are in excellent condition with modern finishes, updated systems, and in-unit laundry, making them highly desirable for student tenants. Given the property’s lot size and layout, there is an excellent opportunity to add multiple full-size ADUs, significantly enhancing future income and overall value. A strategic investor could also explore adding additional bedrooms and bathrooms to the existing structures to further boost cash flow and rental potential. Large parcels of this scale north of campus are extremely rare, and the ability to unlock additional value through future improvements makes this an ideal long-term hold. Zoning allows for seven (7) units by right and up to ten (10) units utilizing Tier 3 TOC incentives, providing optionality for future redevelopment or more extensive expansion down the line. (buyer to verify all zoning/development information) Strategically positioned across from USC and The Village, 921-923 W. 30th Street combines rare investment potential with flexibility for growth. Its scale and zoning allow for creative options, whether adding ADUs, reconfiguring layouts to add bedrooms and baths, or planning a future redevelopment, all within the heart of USC’s strongest rental demand pocket. Agent Remarks: Please note the following: 1.) Submit Offer on a CAR Purchase Agreement. 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. 4) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$530 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,325,000

CAP RATE

5.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime North Of Campus USC Student Housing

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,857 SF

ZONING

LARD1.5

APN/PARCEL ID

5123-004-411

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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