Welcome to 716-718 West 30th Street, a newly remodeled, six-unit apartment building 2 blocks north of campus, ideally situated just steps from USC in the heart of Los Angeles. Historically 100% rented, including throughout COVID. This prime student housing property spans 5,615 sq. ft. of rentable space, divided between four units in the main building and two standalone cottages. With a total of 15 bedrooms and 6 bathrooms, each unit has been thoughtfully designed for modern living, offering both comfort and convenience. Its proximity to USC ensures easy access for students while also presenting an attractive investment opportunity. Each apartment features high ceilings, private single rooms, most comfortably accommodating queen or full-size beds and desks, along with walk-in closets for ample storage. Every unit is equipped with individual heating and A/C systems for year-round comfort. The spacious bathrooms provide ample storage for essentials, while the large kitchens boast new appliances, generous counter space, large pantries and a central island perfect for meal prep or social gatherings. Expansive living rooms offer space for large sofas, entertainment setups, and more, ensuring a welcoming and comfortable environment. Remodeled with a modern aesthetic, these units feature designer cabinetry, quartz countertops, and durable vinyl plank flooring. Privacy is a top priority, with two entrances per apartment and no shared hallways. Enhanced security measures, including surveillance cameras throughout the property, provide peace of mind, and the building is located within USC's Department of Public Safety zone (DPS) with additional security services by CSC, offering added protection. Outside, residents can enjoy a private courtyard patio complete with a gas barbecue ideal for socializing. The location is further enriched by proximity to University Village, The Row, and USC's free Lyft service. With a strong sense of community among tenants and a host of thoughtful amenities, this property is both a premier housing option for students and also a prime investment in USC's robust rental market. Investors can expect solid returns from this highly sought-after property. Perfect for investors seeking a property with a combination of current, stable cash flow, long-term growth, as well as value add potential. This is a rare find in a highly desirable neighborhood. Don't miss out on this incredible opportunity!
DAYS ON MARKET
|
40
|
LAST UPDATED
|
10/24/2024
|
YEAR BUILT
|
1907
|
COMMUNITY
|
Downtown L.A.
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
APPLIANCES |
Barbecue, Disposal, Dryer, Refrigerator, Washer |
AREA |
Downtown L.A. |
GARAGE |
Door-Multi, Garage, Yes |
HEAT |
Wall Furnace |
INTERIOR |
Ceiling Fan(s) |
LOT |
6762 sq ft |
PARKING |
Door-Multi,Garage |
STORIES |
1 |
VIEW |
Yes |
VIEW DESCRIPTION |
City Lights |
ZONING |
LAR3 |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/24 10:42 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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