1175 W 30th Street,  Los Angeles CA, 90007 (Residential Income)

3,430 sqft
Status: Sold
MLS#: PW16169802
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Last Updated: 12/8/2016 6:17 PM
Description for 1175 W 30th Street Los Angeles, CA 90007
is pleased to present 1175 West 30th Street, a four-unit student housing property in Los Angeles, California. The property is just one block from the University of Southern California within the CSC and DPS patrol areas; it is also one block from University Village, a $700 Million mixed-use project due to be completed in 2017. University Village will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks. The property is in the most sought-after neighborhood north of USC and is fully occupied by USC students. The offering comprises one building that contains two three-bedroom/two-bath and two two-bedroom/one-bath units (buyer to verify legality with city). The property was partially renovated with new flooring, upgraded plumbing and new bathroom fixtures two years ago. In addition to the strong rental income from the units, uncovered parking spaces in the rear of the property generate $200 per month. With strong rents in place and a coveted location, 1175 West 30th Street is an excellent turnkey student housing opportunity with additional upside in rents that could be captured by an astute investor.
Price
Sold Price:
$1,775,000
Sold Date:10/07/2016
Los Angeles
3,430 (approx)
PW16169802
Closed
Description
is pleased to present 1175 West 30th Street, a four-unit student housing property in Los Angeles, California. The property is just one block from the University of Southern California within the CSC and DPS patrol areas; it is also one block from University Village, a $700 Million mixed-use project due to be completed in 2017. University Village will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks. The property is in the most sought-after neighborhood north of USC and is fully occupied by USC students. The offering comprises one building that contains two three-bedroom/two-bath and two two-bedroom/one-bath units (buyer to verify legality with city). The property was partially renovated with new flooring, upgraded plumbing and new bathroom fixtures two years ago. In addition to the strong rental income from the units, uncovered parking spaces in the rear of the property generate $200 per month. With strong rents in place and a coveted location, 1175 West 30th Street is an excellent turnkey student housing opportunity with additional upside in rents that could be captured by an astute investor.
Listing Information
Property Type: Cluster, Other
0.12 Acres 537,500 sq.ft. 3,430 (approx)
$517.49 1910
2 Total
Neighborhood
Room Information
Exterior / Lot Features
6 Parking Spaces
LARD1.5
Urban
Driving Directions
Cross Streets: Jefferson & Orchard
Financial Considerations
5055010035
$129,600 Income ,$39,600Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90007 has a population of 3,804,503.

The median household income in Los Angeles, California 90007 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90007 is 34.1 years.

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Courtesy: Steven M. Bogoyevac, Broker Steven Bogoyevac
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