1238 W 30th St , Los Angeles, CA 90007
$3,299,000
Est. Payment: $16,658.98/mo
13 Bed
9 Bath
5295 Sqft
Status: active | Days on site: 104
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

We are pleased to present a rare opportunity to acquire a high performing, turn-key five (5) unit student housing investment located in the premier North of USC pocket, within the highly sought-after DPS Patrol Zone. Positioned just a short walk from the University of Southern California, this location consistently commands strong rental demand, premium rents, and 100% occupancy year-round. This asset is built for cash flow and stability. The property is currently 100% occupied with USC students and fully leased, generating $23,350 per month in gross income, offering investors immediate yield from day one. With parental guarantees in place and a proven leasing track record, this investment provides a reliable and predictable income stream in one of the strongest student housing markets in Los Angeles. The property consists of a well-maintained triplex (1907) and a newer duplex (2015), totaling approximately 5,295 rentable square feet on a 6,952 square foot lot. The unit mix includes (3) 3-bedroom + 2-bath units, (1) 4-bedroom + 2-bath unit, and (1) studio, an ideal configuration for maximizing per-bed income and maintaining high occupancy. All units have been extensively renovated with modern, high-end finishes, including hardwood flooring, stainless steel appliances, quartz countertops, tiled showers with glass enclosures, in-unit washer and dryers, and wall-mounted flat-screen TVs. The property also features 10 garage parking spaces, a gated entry, and a shared outdoor amenity area with a barbecue and hot tub, highly attractive features for the student demographic. From an operational standpoint, the asset is extremely efficient, with tenants responsible for all utilities (water, gas, and electricity are individually metered), further enhancing net income and reducing landlord expenses. Additional capital improvements include a new roof, upgraded copper plumbing, and double-pane windows, minimizing future maintenance and capital expenditure risk.Offered at approximately a 7% cap rate and 12x GRM, this is a true plug-and-play investment combining strong in-place cash flow, minimal management intensity, and long-term upside in one of LA's most resilient and supply-constrained rental submarkets.

Highlights

Listed by Davis Saadian , 310-402-8958 Keller Williams Hollywood Hills , 310-623-1300. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1907

County

Los Angeles

Area

C16 - Mid Los Angeles

Listing ID

26767465

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:13
  • Bathrooms:9
  • Full Bathrooms:0
Appliances:Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor, Vented Exhaust Fan, Dryer, Washer
Air Cond:Dual
Fireplaces:
Floor:Tile

Exterior Features

Lot:No Land Lease
Lot Dimensions:50x137
Garage Capacity:10
Zoning:LAR3
Others:2+ Total Units
Parking Features:Covered,Private,One Space
Principal Interest
$16,659
Taxes
$2,103

Home Price

$3,299,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$659,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,658.98

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,658.98 $2,103.11 $0.00 $18,762.09
Yearly $199,907.78 $25,237.35 $0.00 $225,145.13
Total $5,997,233.50 $757,120.50 $0.00 $6,754,354.00

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-08-10T08:37:42.000Z

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