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The Spot on 30th Street 721 W 30th St 20 Unit Apartment Building $7,100,000 ($355,000/Unit) 6.18% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Located within the USC Department of Public Safety Patrol Zone!
- ADU Potential!
- Premier location nearby to campus and USC Village!
- Includes 36 parking spaces!
- Fully occupied by USC students!
- Adjacent to Greek Row at USC!
Executive Summary
We are proud to present 721 W 30th St, “The Spot,” a rare 20-unit apartment community located just steps from the main campus of the University of Southern California in one of the most sought-after student housing markets in Los Angeles. Situated on an 11,795 square foot LAR1.5-zoned lot, the property consists of a 12,982 square foot building featuring an attractive unit mix of one (1) 4-bedroom + 2-bath unit, two (2) 2-bedroom + 2-bath units, sixteen (16) 1-bedroom + 1-bath units, and one (1) studio unit. The property offers 36 assigned parking spaces, an on-site laundry facility, and has been meticulously maintained by ownership. Residents benefit from premier walkability to the USC Village, Shrine Auditorium, and the extensive dining, retail, and entertainment amenities along Figueroa Street. Investment opportunities in this premier USC pocket are extremely limited, making “The Spot” a compelling opportunity or both investors and student housing operators alike.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Granite Countertops
- Refrigerator
- Range
- Yard
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,900 | 400 |
| 1+1 | 16 | $2,150 | 515 |
| 2+2 | 2 | $3,800 | 700 |
| 4+2 | 1 | $6,200 | 1,000 |
1 1
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 5123-013-004 | Total Assessment | $3,041,498 |
| Land Assessment | $724,158 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,317,340 | Tax Year | 2025 |
Property Taxes
Parcel Number
5123-013-004
Land Assessment
$724,158
Improvements Assessment
$2,317,340
Total Assessment
$3,041,498
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Spot on 30th Street | 721 W 30th St
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