716 W 30th Street, Los Angeles, CA 90007

Property Description

716 West 30th Street presents an exceptional opportunity to acquire a turnkey USC student-housing asset with 15 bedrooms and 6 bathrooms located north of USC campus by two blocks, around the corner from The Row (sororities and fraternities), and one block north of the Shrine Auditorium. USC Village is three blocks away. The Walking Score is 93, a Walker's Paradise, and the Biker's Score is 100, a Biker's Paradise. The property is located within USC's Department of Public Safety (DPS) zone. The property is newly renovated with a completely modern interior design and is professionally managed.The property features 6 units with a total of 15 bedrooms and 6 bathrooms. The building SF is 5,615 and is situated on a 6,762 SF lot. Unit Mix: (1) 4Bd/1Ba, (3) 3Bd/1Ba, and (2) 1Bd/1Ba Cottages. The four larger units are in the front two-story building with the two stand-alone cottages in the rear. There is laundry onsite and a two-car garage for owner use or to rent for additional income. Utilities expenses are low- the current owner only pays for water, not gas/electricity. Seismic retrofit and SB 721 clearance have been completed by the seller. The average current rent per bedroom is $1,677.