947 W 30th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$10,000,000 USD
818-321-6490
947 W 30th St, Los Angeles, CA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/9
null | 4.97% Cap Rate

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


HIGHLIGHTS

  • Excellent Student Housing Investment Opportunity at USC!
  • Excellent occupancy rates and a proven track record of success!
  • Fully occupied by USC student!
  • Within walking distance to USC and USC Village! In the USC Patrol Zone!
  • 24 parking spaces!
  • Greek Row Adjacent!

OVERVIEW

*The Mirage 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. Introducing The Mirage, a prime student housing investment opportunity located at 947 W 30th St., just a short walk from the University of Southern California (USC) campus. This well-maintained, 19,050 sq. ft. building sits on a 10,989 sq. ft. lot and offers a total of 24 units, consisting of three spacious 2-bedroom apartments and twenty-one 1-bedroom units. Renovated in 2005 and meticulously cared for, this building provides modern comforts with an all-electric system, eliminating the need for gas utilities. The property is serviced by an elevator, ensuring easy access to all levels, and includes a partial subterranean parking garage with space for up to 24 vehicles. The Mirage is ideally situated in a highly sought-after location, just steps from USC, USC Village, retail amenities along Figueroa St., and the iconic Shrine Auditorium. Directly across from Rawlinson Stadium, tenants enjoy both convenience and vibrant neighborhood attractions. On-site amenities include a laundry room and common outdoor spaces for tenants to relax and socialize. This property presents an excellent opportunity for investors looking to capitalize on the thriving demand for USC student housing in a prime location. Don’t miss out on this unique chance to secure a solid income-producing asset!

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

24

PRICE/UNIT

$416,667

CAP RATE

4.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Mirage - 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

3

YEAR BUILT

1964

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,989 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5123-004-408

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.