CA > Los Angeles
Los Angeles, CA 90007,1238 W 30th ST
Los Angeles, CA 90007,1238 W 30th ST
Los Angeles, CA 90007,1238 W 30th ST
Los Angeles, CA 90007,1238 W 30th ST
Los Angeles, CA 90007,1238 W 30th ST
Los Angeles, CA 90007,1238 W 30th ST
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Tony English

Tony English

+1(949) 463-1085
$ 3,775,000
Est. payment | /mo

14 Beds

9 Baths

5,295 SqFt

Save
$ 3,775,000
Est. payment | /mo
Save

14 Beds

9 Baths

5,295 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,295 sqft

Price per Sqft $712

MLS Listing ID 25530101

Bedrooms 14

HOA Y/N No

Year Built 2015

Lot Size 6,952 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Central

Cooling Dual

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Trash Compactor, Vented Exhaust Fan, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Off Site

Total Parking Spaces 5

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5039001050

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Davis Saadian • Keller Williams Hollywood Hills
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 463-1085

tonyenglish@me.com

28391 Sheridan Dr, Niguel, California, 92677, United States

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1238 W 30th ST