USC Student Housing 716 W 30th St 6 Unit Apartment Building $3,200,000 ($533,333/Unit) 6.11% Cap Rate Los Angeles, CA 90007

716 West 30th Street presents an exceptional opportunity to acquire a turnkey USC student-housing asset with 15 bedrooms and 6 bathrooms located just steps from the USC campus, The Row (sororities and fraternities), Shrine Auditorium and USC Village. The Walking Score is 93, and the Biker’s Score is 100, ideal for students. The property is located within USC's Department of Public Safety (DPS) zone, Free Lyft zone and monitored by the CSC (Yellowjackets).
The property is newly renovated with a completely modern interior design and is professionally managed. It features 6 units with a total of 15 bedrooms and 6 bathrooms. The building SF is 5,615 and is situated on a 6,762 SF lot. It features an ideal unit mix for Student housing: (1) 4Bd/1Ba, (3) 3Bd/1Ba, and (2) 1Bd/1Ba Cottages. The four larger units are in the front two-story building with the two stand-alone cottages in the rear. There is laundry onsite and a Zen garden with Bbq for the tenant's enjoyment. Entry to the property is gated and locked and there are surveillance cameras with a monitor system. the There is a two-car garage delivered vacant for owner use, or to rent for additional income. Utilities expenses are low- the current owner only pays for water-gas & electric are separately metered. Seismic retrofit and SB 721 have been completed by the seller. The average current rent per bedroom is $1,677