The Spot - Student Housing at USC! 721 W 30th St 20 Unit Apartment Building $7,200,000 ($360,000/Unit) 6.16% Cap Rate Los Angeles, CA 90007

*The Spot is owned and operated by CDI Management. The property 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. 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.