Los Angeles, CA 90007 648 W 30th Street

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Presented By: Christopher Furstenberg with Nourmand & Associates-HW;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25518147
  • 04/07/2025
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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 • 17
  • Baths • 17
  • SQFT • 5,100

Home Details

Premier Student Housing Investment Near USC Fully Permitted 17-Bed/17-Bath Property. This fully permitted five-unit student housing investment is located in the highly desirable DPS Patrol Zone, just a short walk from the University of Southern California (USC). Designed and constructed by one of the top student housing operators near USC, the property delivers best-in-class off-campus living with modern amenities and high-end finishes. The property spans approximately 5,100 rentable square feet on a 4,700 square foot lot and consists of two separate structures. The front building, fully updated in 2023, includes four units, each with three bedrooms and three bathrooms. The rear structure located 3004 Shrine is a newly constructed five-bedroom, five-bathroom ADU completed in 2023, offering a low-maintenance addition to the property. Both structures feature high-quality finishes, including new flooring, updated plumbing and electrical systems, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and in-unit washer and dryers. This investment is fully occupied by USC students. All units leased for the 2025-2026 academic year except the ADU (applications under review), with parental guarantees on leases providing additional security. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property's strong operating fundamentals. With historically high occupancy rates and consistent demand for student housing in this prime location, this asset presents a low-risk, high-growth opportunity for investors.
Presented By: Christopher Furstenberg with Nourmand & Associates-HW;

Interior Features for 648 W 30th Street

Bedrooms

Total Bedrooms17

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths17

Other Interior Features

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

General for 648 W 30th Street

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator, Dryer, Washer
Architectural StyleTraditional
Attached Garage No
Cap Rate4.93
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsCorner of 30th & Shrine. West of Figueroa
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income295344.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense4200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet4700.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MaintenanceExpense2700.0
MobileHomeRemainsYNNo
Net Operating Income221934.0
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Taxes$56,250
Trash Expense600.0
Virtual TourClick here
Waterfront Y/NNo
Year Built1908
ZoningLAR3

Exterior for 648 W 30th Street

Building Area Total5100.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1079
Lot Size Area4700.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,500,000
MLS#25518147
List Date 04/07/2025
Property Type Multi-Family
Phone 714.742.6515
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