1238 30th Street, Los Angeles, CA 90007
  • MLS#: 25524117 ( )
  • Street Address: 1238 30th Street
  • Viewed: 1
  • Price: $4,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2015
  • Bldg sqft: 0
  • Days On Market: 101
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: Keller Williams Hollywood Hills
  • Contact: Davis Davis
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Refrigerator
Building Area Total
  1. 5295.00
Cooling
  1. Dual
Country
  1. US
Flooring
  1. Wood
  2. Tile
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Two
Netoperatingincome
  1. 259350.00
Parcel Number
  1. 5039001050
Parking Features
  1. Assigned
Postalcodeplus4
  1. 3104
Sourcesystemkey
  1. 25524117:CLAW
Totalexpenses
  1. 59250.00
Year Built
  1. 2015
Year Built Source
  1. Assessor
Zoning
  1. LAR3