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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$4,150,000
Est. payment /mo
14 Beds
9 Baths
5,295 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,295 sqft

Price per Sqft $783

MLS Listing ID 25524117

Bedrooms 14

Year Built 2015

Lot Size 6,954 Sqft

Acres 0.1596

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Dual

Flooring Hardwood, Tile, Other

Equipment Range/Oven, Recirculated Exhaust Fan, Refrigerator, Washer, Dryer, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Other

Exterior

Parking Features Garage - 4+ Car, Assigned, Other

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Keller Williams Hollywood Hills

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Kirshner Elkin Properties

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