648 W 30th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$4,500,000 USD
323-422-2244
648 W 30th St, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/24
null | 4.93% Cap Rate

648 W 30th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Prime location for USC Student Housing
  • Property was extensively remodeled and ADU is NEW in 2023
  • Prime location to campus, and more!

OVERVIEW

Reduced! 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 ADU is located at 3004 Shrine and 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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$672 USD /SF

# OF UNITS

5

PRICE/UNIT

$900,000

CAP RATE

4.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shawn Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LAR3

APN/PARCEL ID

5123-010-013

ASK ABOUT THIS PROPERTY

Christopher FurstenbergNourmand & Associates RealtorsMore Info
323-422-2244

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Christopher FurstenbergNourmand & Associates RealtorsMore Info
323-422-2244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.