21
See all 21 photos
$2,850,000
Est. payment /mo
11 Beds
11 Baths
3,490 SqFt
Active
1227 W 30th ST Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,490 sqft
Price per Sqft $816
MLS Listing ID 26668023
Bedrooms 11
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2015
Lot Size 6,865 Sqft
Property Description
We are proud to present the exclusive opportunity to acquire this beautifully updated, fully renovated and modern 5-unit apartment complex located in the premier North of Campus USC student housing submarket and within the highly coveted USC Department of Public Safety (DPS) Patrol Zone. Properties in this pocket rarely come to market, particularly those offering a combination of renovated improvements, newer construction, and additional development upside. The property consists of approximately 3,490 square feet of improvements situated on a well-located 6,863 square foot parcel, walking distance the University of Southern California. The asset is comprised of two separate structures: a fully renovated 2-unit front building that has been taken down to the studs and rebuilt with upgraded building systems, and a newer rear 3-unit structure constructed in 2015. The front building has been taken down to the studs and fully renovated, effectively delivering like-new construction with upgraded electrical, plumbing, roofing, and modern interior finishes. This structure consists of a spacious 4-bedroom + 4-bathroom unit and a large studio unit. The rear 2015 structure was constructed with modern layouts tailored for USC student housing, consists of three (3) 2-bedroom + 2-bathroom units designed to maximize rental demand and tenant appeal.Units feature modern finishes and amenities including vinyl plank hardwood flooring, recessed lighting, quartz countertops, stainless steel appliances, dishwashers, in-unit washer and dryers, and remote-controlled mini splits. Each unit is separately metered for gas, electricity, and water, minimizing owner expenses and creating a highly efficient operating structure.In addition to the existing improvements, the property offers significant value-add potential through approved Ready-To-Issue (RTI) plans and permits to convert approximately 860 square feet of attic space into a new 4-bedroom + 2-bathroom accessory dwelling unit (ADU). The proposed ADU is projected to achieve market rents of approximately $6,400 per month, providing a significant additional income stream and further enhancing the property's overall cash flow. Priced at a 6.5% cap rate, the property offers investors strong in-place income, modern improvements, and additional upside through the future ADU conversion. The property is 100% occupied with USC students and is fully leased for the 2025-2026 academic year with leases already secured for the 2026-2027 year. Email listing agent for the executive summary/ financial analysis.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Combination
Cooling Dual
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5055010026
Special Listing Condition Standard
Listed by Davis Saadian Keller Williams Hollywood Hills #01921748
NEARBY SCHOOL & BUSINESS
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