1227 W 30th St, Los Angeles, CA 90007
1227 W 30th St, Los Angeles, CA 90007
1227 W 30th St, Los Angeles, CA 90007
21
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$2,850,000
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11 Beds
11 Baths
3,490 SqFt
Active

1227 W 30th St Los Angeles, CA 90007

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,490 sqft

Price per Sqft $816

MLS Listing ID 26668023

Bedrooms 11

Construction Status Updated/Remodeled, New Construction

Year Built 2015

Lot Size 6,865 Sqft

Acres 0.1576

Property Sub-Type Multi-Family

Property Description

We are proud to present the exclusive opportunity to acquire this beautifully updated, fully renovated and modern 5-unit apartment complex located in the premier North of Campus USC student housing submarket and within the highly coveted USC Department of Public Safety (DPS) Patrol Zone. Properties in this pocket rarely come to market, particularly those offering a combination of renovated improvements, newer construction, and additional development upside. The property consists of approximately 3,490 square feet of improvements situated on a well-located 6,863 square foot parcel, walking distance the University of Southern California. The asset is comprised of two separate structures: a fully renovated 2-unit front building that has been taken down to the studs and rebuilt with upgraded building systems, and a newer rear 3-unit structure constructed in 2015. The front building has been taken down to the studs and fully renovated, effectively delivering like-new construction with upgraded electrical, plumbing, roofing, and modern interior finishes. This structure consists of a spacious 4-bedroom + 4-bathroom unit and a large studio unit. The rear 2015 structure was constructed with modern layouts tailored for USC student housing, consists of three (3) 2-bedroom + 2-bathroom units designed to maximize rental demand and tenant appeal.Units feature modern finishes and amenities including vinyl plank hardwood flooring, recessed lighting, quartz countertops, stainless steel appliances, dishwashers, in-unit washer and dryers, and remote-controlled mini splits. Each unit is separately metered for gas, electricity, and water, minimizing owner expenses and creating a highly efficient operating structure.In addition to the existing improvements, the property offers significant value-add potential through approved Ready-To-Issue (RTI) plans and permits to convert approximately 860 square feet of attic space into a new 4-bedroom + 2-bathroom accessory dwelling unit (ADU). The proposed ADU is projected to achieve market rents of approximately $6,400 per month, providing a significant additional income stream and further enhancing the property's overall cash flow. Priced at a 6.5% cap rate, the property offers investors strong in-place income, modern improvements, and additional upside through the future ADU conversion. The property is 100% occupied with USC students and is fully leased for the 2025-2026 academic year with leases already secured for the 2026-2027 year. Email listing agent for the executive summary/ financial analysis.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Combination

Cooling Dual

Flooring Vinyl Plank

Equipment Range/Oven, Refrigerator, Dishwasher, Dryer, Freezer, Garbage Disposal, Other, Washer

Laundry In Unit

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled, New Construction

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Hollywood Hills

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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1227 W 30th St