Los Angeles, CA 90007 721 W 30th Street

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Presented By: Michael R. Fukushima with Keller Williams Los Angeles;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25504043
  • 03/03/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 25
  • Baths • 23
  • SQFT • 12,928

Home Details

*The Spot is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Welcome to The Spot, an exceptional private student housing building located at 721 W 30th St., offering a prime location just a short walk from the University of Southern California (USC) campus. This meticulously cared-for property, fully occupied by USC students, sits on a spacious 11,795 sq. ft. lot with a building size of 12,928 sq. ft. The property boasts convenient access to USC Village, the Shrine Auditorium, and the bustling retail amenities along Figueroa St., ensuring tenants have everything they need within walking distance.The unit mix at The Spot includes one 4-bedroom unit, two 2-bedroom units, sixteen 1-bedroom units, and one studio unit, providing a variety of housing options tailored to student needs. Renovated in 2005, the property features modern updates and common area amenities that enhance tenant enjoyment. With 36 on-site parking spaces, the property is designed to accommodate the needs of its residents. Additionally, there is significant potential to add more dwelling units, offering an exciting opportunity for future growth. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional investment opportunity for those looking to capitalize on the high demand for student housing in the heart of USC's vibrant campus community.
Presented By: Michael R. Fukushima with Keller Williams Los Angeles;

Interior Features for 721 W 30th Street

Bedrooms

Total Bedrooms25

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths23

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 721 W 30th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.2
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
DirectionsFrom Downtown, merge onto Harbor Freeway toward CA-110 South. Then, take the exit onto I-10 amd keep left toward CA-110 South. Keep right towards Adams Blvd and turn right onto W 30th St.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income625200.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet11795.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income443724.0
New ConstructionNo
Number Of Units Total20
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
Year Built1963
ZoningLARD1.5

Exterior for 721 W 30th Street

Building Area Total12928.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2708
Lot Size Area11795.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGated
Private PoolNo
SpaNo
Total Parking36.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $7,200,000
MLS#25504043
List Date 03/03/2025
Property Type Multi-Family
Phone 714.742.6515
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