Six-Unit Student Housing
716 W 30th St, Los Angeles, CA 90007
For Sale
$2,450,000
A six-unit residential property near USC features renovated interiors and upgraded building systems.
Property Size5,615 SF
Days on Market50
Property Features for 716 W 30th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
The property operates at an 8.35% cap rate and 8.18 GRM on current school-year income, ahead of the recent submarket sales comp average.
The property is offered at $163,333 per bed and $436 per square foot, below the average of the recent comparable sales in the surrounding submarket.
LA's recent cut to allowable RSO rent increases has minimal impact near USC, where student turnover every 1–3 years resets rents to market.
The existing two-car garage offers ADU conversion potential for future growth and appreciation (buyer to verify).
Ownership has invested $500K+ since 2016 in kitchens, baths, flooring, plumbing, electrical, seismic and security; SB 721 inspection complete.
USC campus and University Village (Trader Joe's, Target) are two blocks away, The Row is around the corner, and the Walk Score is 93.
Building Details
Building Size
Units
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig
(213) 943-1897
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 14 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 716 W 30th St, this six-unit student housing property comprises three buildings with 5,615 square feet on a 6,762-square-foot parcel. The unit mix includes two detached one-bedroom cottages, three three-bedroom units, and one four-bedroom unit, for a total of 15 beds. Constructed in 1907, the property has received kitchen and bathroom renovations, new flooring, plumbing and electrical work, seismic improvements, and exterior upgrades since 2016. An existing two-car garage may be suitable for conversion to an accessory dwelling unit, subject to buyer verification. Current school-year income supports a 6.96% cap rate and 9.46 GRM.
The property sits two blocks north of USC’s campus, with University Village two blocks west along 30th Street. Jefferson/USC Station on the Metro E Line is approximately one-third of a mile away; the 110 Freeway is about one-quarter mile east, and Downtown Los Angeles is roughly two miles northeast.
The property sits two blocks north of USC’s campus, with University Village two blocks west along 30th Street. Jefferson/USC Station on the Metro E Line is approximately one-third of a mile away; the 110 Freeway is about one-quarter mile east, and Downtown Los Angeles is roughly two miles northeast.
Key Highlights
- Six units and 15 beds across three buildings
- Unit mix: two one‑bedroom cottages, three three‑bedroom units, and one four‑bedroom unit
- 5,615 square feet on a 6,762‑square‑foot parcel; built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,350
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,000
$1.8M
Cap Rate 7%
$1,290,714
$1.3M
Cap Rate 9%
$1,003,889
$1.0M
Market Conditions
NOI Build-Up for 5,615 SF
Gross rent
$178.6K $31.80/SF
− Vacancy
−$14.3K −$2.54/SF
EGI
$164.3K $29.26/SF
− OpEx
−$73.9K −$13.17/SF
NOI
$90.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,000
Cap Rate 7%
$1,290,714
Cap Rate 9%
$1,003,889
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,350 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.74M
NOI $164,103 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A six-unit residential property near USC features renovated interiors and upgraded building systems.
Where is this apartment building located?
The property is located at 716 W 30th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Six units and 15 beds across three buildings; Unit mix: two one‑bedroom cottages, three three‑bedroom units, and one four‑bedroom unit; 5,615 square feet on a 6,762‑square‑foot parcel; built in 1907
