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
$3,299,000
- 14 Beds
- 9 Baths
- 5,295 sq. ft.
- Multi-family
- Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26767465
Source:CRMLS
Price summary
- Price:$3,299,000
- Price per sq. ft.:$623.04
About this home
We are pleased to present a rare opportunity to acquire a high performing, turn-key five (5) unit student housing investment located in the premier North of USC pocket, within the highly sought-after DPS Patrol Zone. Positioned just a short walk from the University of Southern California, this location consistently commands strong rental demand, premium rents, and 100% occupancy year-round. This asset is built for cash flow and stability. The property is currently 100% occupied with USC students and fully leased, generating $23,350 per month in gross income, offering investors immediate yield from day one. With parental guarantees in place and a proven leasing track record, this investment provides a reliable and predictable income stream in one of the strongest student housing markets in Los Angeles. The property consists of a well-maintained triplex (1907) and a newer duplex (2015), totaling approximately 5,295 rentable square feet on a 6,952 square foot lot. The unit mix includes (3) 3-bedroom + 2-bath units, (1) 4-bedroom + 2-bath unit, and (1) studio, an ideal configuration for maximizing per-bed income and maintaining high occupancy. All units have been extensively renovated with modern, high-end finishes, including hardwood flooring, stainless steel appliances, quartz countertops, tiled showers with glass enclosures, in-unit washer and dryers, and wall-mounted flat-screen TVs. The property also features 10 garage parking spaces, a gated entry, and a shared outdoor amenity area with a barbecue and hot tub, highly attractive features for the student demographic. From an operational standpoint, the asset is extremely efficient, with tenants responsible for all utilities (water, gas, and electricity are individually metered), further enhancing net income and reducing landlord expenses. Additional capital improvements include a new roof, upgraded copper plumbing, and double-pane windows, minimizing future maintenance and capital expenditure risk.Offered at approximately a 7% cap rate and 12x GRM, this is a true plug-and-play investment combining strong in-place cash flow, minimal management intensity, and long-term upside in one of LA's most resilient and supply-constrained rental submarkets....
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Home facts
- Year built:1907
- Listing ID #:26767465
- Added:11 day(s) ago
- Updated:May 03, 2026 at 10:30 AM
Rooms and interior
- Bedrooms:14
- Total bathrooms:9
- Flooring:Tile
- Kitchen Description:Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor, Vented Exhaust Fan
- Living area:5,295 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Combination
Structure and exterior
- Year built:1907
- Building area:5,295 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$3,299,000
- Price per sq. ft.:$623.04
Features and amenities
- Appliances:Barbecue, Dishwasher, Disposal, Dryer, Washer
- Laundry features:Dryer, Inside, Stacked, Washer
- Amenities:Trash Compactor
Parking
- Total parking spaces:10
- Parking description:Covered, One Space, Private
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