1238 W 30th Street, Los Angeles, CA 90007
Local realty services provided by:ERA North Orange County Real Estate
1238 W 30th Street,Los Angeles, CA 90007
$3,495,000
- 14 Beds
- 9 Baths
- 5,295 sq. ft.
- Multi-family
- Active
Listed by:davis saadian
Office:keller williams hollywood hills
MLS#:25530101
Source:CRMLS
Price summary
- Price:$3,495,000
- Price per sq. ft.:$660.06
About this home
We are pleased to offer the opportunity to acquire this five (5) unit, turn-key student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The site is well situated in the pristine rare North of campus pocket, consisting of a triplex built in 1907, and a duplex built in 2015. The properties and all five (5) units have been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, wall-mounted flat screen televisions, and high-end finishes throughout the units. The property is fully gated and includes modern spacious units, garaged parking, and an outdoor common area with a gas barbecue and hot tub for students to enjoy. The investment features a new roof, updated copper plumbing, double pane windows, and individually metered for water, gas & electricity (the tenants pay for all utilities). The building is approximately 5,295 rentable SF on a 6,952 SF lot, consisting of (3) 3-bedroom + 2-bathroom units, (1) 4-bedroom + 2-bathroom unit, and (1) studio unit. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the year, with a gross income of $26,550/month. The investment is priced at a current 7.01% Cap Rate & 11.8x GRM. Please email for the Executive Summary/ Financial Analysis.
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Home facts
- Year built:2015
- Listing ID #:25530101
- Added:158 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:14
- Total bathrooms:9
- Living area:5,295 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Central
Structure and exterior
- Year built:2015
- Building area:5,295 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$3,495,000
- Price per sq. ft.:$660.06
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