Property listed by Coldwell Banker Realty, Tatiana Weiss 310-458-0091
$3,495,000
Welcome to 716-718 West 30th Street, a newly renovated six-unit apartment building located just two blocks north of the USC campus in the vibrant heart of Los Angeles. This property has consistently maintained 100% occupancy, even during COVID-19, making it a reliable investment. Spanning 5,615 sq. ft. of rentable space,… Read More it includes four units in the main building and two standalone cottages. With a total of 15 bedrooms and 6 bathrooms, each unit is designed with modern living in mind, offering both comfort and convenience. Its prime location near USC ensures easy access for students while also representing an excellent investment opportunity. The apartments feature high ceilings and private rooms, most of which can comfortably accommodate queen or full-sized beds and desks, along with walk-in closets for generous storage. Each unit is equipped with individual heating and A/C systems for year-round comfort. Spacious bathrooms provide ample storage, while the large kitchens are equipped with new appliances, ample counter space, large pantries, and central islands ideal for meal preparation or socializing. Expansive living rooms can accommodate large sofas, entertainment setups, and more, offering a welcoming atmosphere. The units are remodeled with a contemporary aesthetic, showcasing designer cabinetry, quartz countertops, and durable vinyl plank flooring. Privacy is a priority, with two entrances per apartment and no shared hallways. Enhanced security features, such as surveillance cameras, provide peace of mind, and the building is within USC's Department of Public Safety (DPS) zone, with additional security services from CSC. Outside, residents can enjoy a private courtyard patio with a gas barbecue perfect for social gatherings. The location is further enhanced by its proximity to University Village, The Row, and USC's free Lyft service. With a strong sense of community and a range of thoughtful amenities, this property offers premier student housing and is a sought-after investment in USC's thriving rental market. Investors can expect solid returns from a property with current, stable cash flow, long-term growth potential, and added value opportunities. This is a rare opportunity in a highly desirable neighborhood. Don't miss out on this exceptional investment! Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
15
Square Ft.
5,615
Lot Size
0.16 Acres
Year Built
1907
MLS Number
25518421
30 Days Snapshot Of 90007
$1,000k
+8%
(avg) sold price
1
0%
home sold
64
+72%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Barbecue, Disposal, Refrigerator, Dryer, Washer
Building
Built in 1907, Building area total: 5,615, Levels: One, Living area: 5615, 1 story, 3 buildings
Community
Gated
Floors
Tile
Garage
2 spaces
Heating
WallFurnace
Income
Gross income: $312,600, Net operating income: $234,165
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.1552 acres, 6,762 square feet, Size: 6,762
Parking
2 totals parking, DoorMulti, Garage
Property
Zoning: LAR3, CityLights
Security Features
GatedCommunity, WindowBars
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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