Los Angeles, CA 90007 716 W 30th Street

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Presented By: Tatiana Weiss with Coldwell Banker Realty;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25518089
  • 03/31/2025
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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.
  • SQFT • 5,615

Home Details

Welcome to 716-718 West 30th Street, a newly remodeled, six-unit apartment building 2 blocks north of campus, ideally situated just steps from USC in the heart of Los Angeles. Historically 100% rented, including throughout COVID. This prime student housing property spans 5,615 sq. ft. of rentable space, divided between four units in the main building and two standalone cottages. With a total of 15 bedrooms and 6 bathrooms, each unit has been thoughtfully designed for modern living, offering both comfort and convenience. Its proximity to USC ensures easy access for students while also presenting an attractive investment opportunity. Each apartment features high ceilings, private single rooms, most comfortably accommodating queen or full-size beds and desks, along with walk-in closets for ample storage. Every unit is equipped with individual heating and A/C systems for year-round comfort. The spacious bathrooms provide ample storage for essentials, while the large kitchens boast new appliances, generous counter space, large pantries and a central island perfect for meal prep or social gatherings. Expansive living rooms offer space for large sofas, entertainment setups, and more, ensuring a welcoming and comfortable environment. Remodeled with a modern aesthetic, these units feature designer cabinetry, quartz countertops, and durable vinyl plank flooring. Privacy is a top priority, with two entrances per apartment and no shared hallways. Enhanced security measures, including surveillance cameras throughout the property, provide peace of mind, and the building is located within USC's Department of Public Safety zone (DPS) with additional security services by CSC, offering added protection. Outside, residents can enjoy a private courtyard patio complete with a gas barbecue ideal for socializing. The location is further enriched by proximity to University Village, The Row, and USC's free Lyft service. With a strong sense of community among tenants and a host of thoughtful amenities, this property is both a premier housing option for students and also a prime investment in USC's robust rental market. Investors can expect solid returns from this highly sought-after property. Perfect for investors seeking a property with a combination of current, stable cash flow, long-term growth, as well as value add potential. This is a rare find in a highly desirable neighborhood. Don't miss out on this incredible opportunity!
Presented By: Tatiana Weiss with Coldwell Banker Realty;

Interior Features for 716 W 30th Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundryRoom
Total Stories2

General for 716 W 30th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.7
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsIn University Park just 2 blocks North of USC between Figueroa and Hoover
Electric Expense1895.0
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense19249.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6762.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MaintenanceExpense5379.0
MobileHomeRemainsYNNo
Net Operating Income234165.0
New ConstructionNo
Number Of Units Total6
Operating Expense39031.0
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense1500.0
Year Built1907
ZoningLAR3

Exterior for 716 W 30th Street

Building Area Total5615.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1552
Lot Size Area6762.0
Lot Size SourceAssessor
Number of Buildings3
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking2.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,495,000
MLS#25518089
List Date 03/31/2025
Property Type Commercial
Phone 714.742.6515
Request Tour
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