721 W 30th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$9,000,000 USD
818-321-6490
721 W 30th St, Los Angeles, CA for Sale
$9,000,000 USD
Apartments - FOR SALE
1/16
null | 4.69% Cap Rate

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


HIGHLIGHTS

  • USC Student Housing Investment Opportunity! Portfolio Sale!
  • 36 Parking Spaces!
  • In walking distance to USC and USC Village! Within the USC Patrol Zone!
  • Potential to add ADU!
  • Features modern updates and common area ammenities!
  • Greek Row adjacent!

OVERVIEW

*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.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$696 USD /SF

# OF UNITS

20

PRICE/UNIT

$450,000

CAP RATE

4.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Spot - CDI Mgmt. Student Housing at USC!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,795 SF

ZONING

LARD1.5

APN/PARCEL ID

5123-013-004

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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