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$3,695,000

Est. payment - /mo

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15 BD

6 BA

5,615 SqFt

Active

716 W 30th ST Los Angeles, CA 90007

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

UPDATED:

10/25/2024 12:09 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,615 sqft

Price per Sqft $658

MLS Listing ID 24454007

Bedrooms 15

HOA Y/N No

Year Built 1907

Lot Size 6,760 Sqft

Acres 0.1552

Property Description

Welcome to 716-718 West 30th Street, a newly remodeled, six-unit apartment building 2 blocks north of campus, ideally situated just steps from USC in the heart of Los Angeles. Historically 100% rented, including throughout COVID. This prime student housing property spans 5,615 sq. ft. of rentable space, divided between four units in the main building and two standalone cottages. With a total of 15 bedrooms and 6 bathrooms, each unit has been thoughtfully designed for modern living, offering both comfort and convenience. Its proximity to USC ensures easy access for students while also presenting an attractive investment opportunity. Each apartment features high ceilings, private single rooms, most comfortably accommodating queen or full-size beds and desks, along with walk-in closets for ample storage. Every unit is equipped with individual heating and A/C systems for year-round comfort. The spacious bathrooms provide ample storage for essentials, while the large kitchens boast new appliances, generous counter space, large pantries and a central island perfect for meal prep or social gatherings. Expansive living rooms offer space for large sofas, entertainment setups, and more, ensuring a welcoming and comfortable environment. Remodeled with a modern aesthetic, these units feature designer cabinetry, quartz countertops, and durable vinyl plank flooring. Privacy is a top priority, with two entrances per apartment and no shared hallways. Enhanced security measures, including surveillance cameras throughout the property, provide peace of mind, and the building is located within USC's Department of Public Safety zone (DPS) with additional security services by CSC, offering added protection. Outside, residents can enjoy a private courtyard patio complete with a gas barbecue ideal for socializing. The location is further enriched by proximity to University Village, The Row, and USC's free Lyft service. With a strong sense of community among tenants and a host of thoughtful amenities, this property is both a premier housing option for students and also a prime investment in USC's robust rental market. Investors can expect solid returns from this highly sought-after property. Perfect for investors seeking a property with a combination of current, stable cash flow, long-term growth, as well as value add potential. This is a rare find in a highly desirable neighborhood. Don't miss out on this incredible opportunity!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Ceiling Fan(s)

Laundry Location Common Area

Heating Wall Furnace

Flooring Tile

Fireplace No

Appliance Barbecue, Disposal, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Garage Door-Multi, Garage

Garage Spaces 2.0

Garage Description 2.0

Community Features Gated

View Y/N Yes

View City Lights

Parking Type Door-Multi, Garage

Attached Garage No

Total Parking Spaces 2

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5123011022

Security Features Gated Community,Window Bars

Special Listing Condition Standard

Listed by Tatiana Weiss • Coldwell Banker Realty

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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Jerry And Rachel Team Hsieh

716 W 30th ST Los Angeles, CA 90007

Jerry And Rachel Team Hsieh

Key Details

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Rooms

Interior

Exterior

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716 W 30th ST