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648 W 30th St, Los Angeles, CA 90007
$4,990,000
648 W 30th St, Los Angeles, CA 90007View this property at 648 W 30th St, Los Angeles, CA 90007
648 W 30th StLos AngelesCA90007
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Property Description
We are pleased to offer the opportunity to acquire this Prime North of Campus five (5) unit, fully permitted seventeen (17) bedroom + seventeen (17) bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The subject property was expertly designed, remodeled, and constructed by the one of the top student housing operators near USC, renowned for their track record of delivering best-in-class off-campus housing and providing tenants with an unparalleled housing experience. The property is approximately 5,100 rentable square feet on a 4,700 square foot lot and is comprised of two (2) separate structures, with a unit mix consisting of four (4) 3-bedroom + 3-bathroom units in the front, and a 5-bedroom + 5-bathroom brand-new ADU in the back. The subject property's front structure was completely updated and remodeled in 2023, and features brand new flooring, brand new plumbing/electrical, updated roof, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The back unit is a brand-new ADU recently constructed and completed in 2023 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance structure to any prospective buyer. The investment is 100% occupied with USC students and fully leased for the 2023-2024 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash.
Full Property Details
Full Property Details for 648 W 30th St
General
- Sold For: $4,990,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-292413
- Added to Site: 304 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 17
Bedrooms
- Total Bedrooms: 17
Additional Information
- Other Features: Other
Parking
- Garage Description: Other
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: 648-652 W. 30th St., 90007
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 5,100
- Sq. Ft. Source: Builder
- Year Built: 1908
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 5
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 2
- Total Bathrooms: 5
- Bedrooms: 5
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.1079
- Lot Size: 4700
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $978.43
- Assessment Year: 1908
Disclosures and Reports
- Disclosures/Reports: Other
- APN: 5123-010-013
Listed and Sold by Keller Williams Beverly Hills, Adam Shamooelian
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Schools
Schools serving 648 W 30th St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2020 Oak St, Los Angeles, CA 90007 | K-5 | 0.7 mi | |
151 W 30th St, Los Angeles, CA 90007 | 6-8 | 0.5 mi | |
4131 S Vermont Ave, Los Angeles, CA 90037 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 648 W 30th St
Date
Details
Price
Change
Source
11/28/2023
Sold
$4,990,000
—
MLS
7/19/2023
Listed
$4,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
648 W 30th St, Los Angeles, CA 90007 (MLS# 23-292413) is a Multi-Family property that was sold at $4,990,000 on November 28, 2023. Want to learn more about 648 W 30th St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.