716 W 30th St , Los Angeles, CA 90007
$2,650,000
Est. Payment: $14,152.85/mo
8 Bed
3 Bath
5615 Sqft
Status: Active | Days on site: 29
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CLW-X7515101 - CLW-C107850
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House Description

We are pleased to offer for sale 716 West 30th Street, a six-unit, 15-bed premier student housing community located in North University Park, north of Jefferson Boulevard between Figueroa Street and Hoover Street.Built in 1907, the property comprises three buildings totaling 5,615 square feet on a 6,762-square-foot parcel, with two one-bedroom standalone cottages, three three-bedroom units, and one four-bedroom unit. Current ownership has invested more than $500,000 since 2016 in renovated kitchens and bathrooms, new flooring, plumbing and electrical upgrades, seismic strengthening, and exterior improvements. The existing two-car garage also offers potential for accessory dwelling unit conversion (buyer to verify). The offering delivers strong in-place yield at a 6.96% cap rate and a 9.46 gross rent multiplier on current school-year income. Its basis of $176,667 per bed and $472 per square foot sits below the average of recent comparable sales in the surrounding submarket.The property is two blocks north of USC's campus, and University Village, the university's retail and dining hub, is two blocks from the property, west along 30th Street. The address carries a Walk Score of 93.USC enrolls roughly 46,000 students, and 65% of its sophomores, juniors, and seniors live in off-campus housing, non-university-owned housing. Over 90% of graduate and family students live in off-campus housing, according to USC Housing. That pool renews every one to three school years, so demand for housing this close to campus stays deep and consistent.Jefferson/USC Station on the Metro E Line is about a third of a mile away, the 110 Freeway about a quarter mile east, and Downtown Los Angeles about two miles northeast. 716 West 30th Street offers investors an opportunity to acquire a renovated, well-maintained student housing asset in North University Park, one of USC's prime and most desirable off-campus housing locations.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Highlights

Listed by Sean Rosenzweig , 213-943-1897 Marcus & Millichap , 310-909-5500. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1907

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26991397

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:3
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:2
Zoning:LAR3
Others:
  • Additional:2+ Total Units
Parking Features:Door-Multi,Garage
Principal Interest
$14,153
Taxes
$1,689

Home Price

$2,650,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$530,000
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:
$14,152.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,152.85 $1,689.38 $0.00 $15,842.23
Yearly $169,834.26 $20,272.50 $0.00 $190,106.76
Total $5,095,027.71 $608,175.00 $0.00 $5,703,202.71

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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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.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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