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Property Description

This exceptional two-story, 20-unit investment property is located between University Avenue and Royal Street, just steps from the USC campus. Situated within the DPS zone in North University Park, it offers unmatched convenience in a high-demand rental area. Each spacious 1-bedroom, 1-bathroom unit ranges from 600 to 700 square feet, and rents average around $2,248/mth. Many units boast hardwood and tile flooring, quartz countertops, and modern appliances, including a dishwasher, refrigerator, stove with oven, microwave, double sink with garbage disposal, ceiling fan, vertical blinds, large windows, air conditioning, and a separate bathtub/toilet area for added privacy. Walk-in closets, mirrored closet doors, and in-unit storage enhance the living experience. The property features on-site laundry facilities, outdoor patio areas, bicycle racks, secure garage storage, a manager’s office with a 1/2 bathroom, and beautifully landscaped surroundings with trees, plants, ferns, shrubs, and flowers. A soft-story retrofit was completed in 2017, SB721 Inspection/ passed, a cool roof in 2019, copper plumbing in 2005, new concrete stairs in 2019, and RUBS utility billing is being implemented on 70% of the units. There is potential to add additional ADU’s and an additional unit. The property offers secured parking with alley access and is a scenic five-minute walk to USC’s Trousdale North Entrance via the Hoover Pedestrian Mall. It’s also within walking distance of Trader Joe’s, restaurants, shops and entertainment on Figueroa, University Village, and soon-to-be Rawlinson Stadium. This property is an excellent investment opportunity and a perfect long-term portfolio property.

Features
: Radiant
: Wall/window Unit(s)
2
: Individual Room, Community
0
: Traditional
Additional Information
Nourmand & Associates-HW
0
CLW-X48011
CLW-B0848301
Christopher
5123013007
: Standard
Multi/Split
32

Multi-Family For Sale

803 30th Street, Los Angeles, California 90007

13,432 Sqft
$7,250,000
Listing ID #24433289
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24433289
Price : $7,250,000
Living Area : 13,432 Sqft
Lot Size : 10,914 Sqft
Year Built : 1965
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $540
ModificationTimestamp : 2024-09-04 06:21:37
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