Six-Unit Student Housing
New
For Sale
$2,650,000
716 W 30th St, Los Angeles, CA 90007
A six-unit residential property near USC features renovated interiors and upgraded building systems.
Property Size5,615 SF
Days on Market2
Property Features for 716 W 30th St
General Information
Standard status
Active
Size
5,615 SF
Property subtype
Student Housing
Amenities
The property operates at a 6.96% cap rate and 9.46 GRM on current school-year income, ahead of the recent submarket sales comp average.
The property is offered at $176,667 per bed and $472 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
5,615 SF
Units
6
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Sep 26
Last Checked: Sep 26 at 3:06PM
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
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
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,202
Businesses Nearby
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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
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Market
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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 $2,650,000.
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
