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1030 W 23rd St
Los Angeles, CA 90007
13-Bedroom USC Student Housing Community · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Located within the USC patrol zone
- Fully renovated with stainless steel appliances, laminate flooring, and modern bathrooms
- Los Angeles will host the 2028 Summer Games, supporting infrastructure upgrades, neighborhood improvements, and enhancements to nearby venues
- Newly constructed ADU elevates the asset’s overall condition and rental potential and is equipped with solar panels
- Walking distance to USC, cafés, restaurants, and entertainment; minutes from Downtown LA, the Coliseum, and Exposition Park
- Reduced RSO rent increases are expected to have minimal impact on USC-area student housing due to annual turnover
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit (3 + 1 ADU), 13-Bedroom student housing community located at 1030-1032.75 West 23rd Street. The property is situated north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 5,304-square-foot lot, the property features two two-bedroom units, one four-bedroom units, and one newly constructed five-bedroom ADU. All units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.
1030 West 23rd street presents investors with a opportunity to acquire a well-managed USC student housing community within the sought-after USC Patrol Zone
The Property is part of a five-property offering consisting of: (1) 1139-1143.75 West 27th Street (2) 2370-2372.5 Portland Street (3) 1030-1032.75 West 23rd Street (4) 1140-1142
West 25th St (5) 2325-2327 Portland Street. Properties may be purchased individually or in any combination thereof.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 5,304-square-foot lot, the property features two two-bedroom units, one four-bedroom units, and one newly constructed five-bedroom ADU. All units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.
1030 West 23rd street presents investors with a opportunity to acquire a well-managed USC student housing community within the sought-after USC Patrol Zone
The Property is part of a five-property offering consisting of: (1) 1139-1143.75 West 27th Street (2) 2370-2372.5 Portland Street (3) 1030-1032.75 West 23rd Street (4) 1140-1142
West 25th St (5) 2325-2327 Portland Street. Properties may be purchased individually or in any combination thereof.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
PROPERTY FACTS
| Price Per Unit | $425,000 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.80% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 8.51 | Building Size | 4,480 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1898/2024 |
| Zoning | [Q]RD2-1XL-O-HPOZ | ||
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| Gross Rent Multiplier | 8.51 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,480 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1898/2024 |
| Zoning | [Q]RD2-1XL-O-HPOZ |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 4+3 | 1 | - | - |
| 5+3 | 1 | - | - |
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