1238 W 30Th Street, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties
1238 W 30th Street Los Angeles, CA 90007
$3,775,000 14 beds, 9 baths
5, 295 sqft

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25530101
List price is $3,775,000
Beds: 14
Baths: 9
Built in 2015
5,295 sqft
0.16 acres
Lot size: 0.1596
County: Los Angeles
Zoning: LAR3
Appliances: Dishwasher,Disposal,Refrigerator,Trash Compactor,Vented Exhaust Fan,Dryer,Washer
Parking description: Off Site
Heating/cooling: Dual
Heating description: Central
MLS area: C16 - Mid Los Angeles

Last Updated: 5/3/2025

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.027155, -118.289983.
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Listing Agent: Davis Saadian
Lic#: 01234982
Office Name: Mission Viejo

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