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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 2,650,000

Est. payment | -/mo

15 Beds

6 Baths

5,615 SqFt

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$ 2,650,000

Est. payment | -/mo

Save

15 Beds

6 Baths

5,615 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,615 sqft

Price per Sqft $471

MLS Listing ID 26991397

Bedrooms 15

Year Built 1907

Lot Size 6,762 Sqft

Acres 0.1553

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage - 2 Car

Garage Spaces 2.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

716 W 30th St Los Angeles, CA 90007

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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716 W 30th St