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1238 W 30th Street Los Angeles, CA 90007
5,295 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,295 sqft
Price per Sqft $623
MLS Listing ID CL26767465
HOA Y/N No
Year Built 1907
Lot Size 6,954 Sqft
Acres 0.1596
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Other
Flooring Tile
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other, Inside
Building
New Construction No
Others
Tax ID 5039001050
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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