803 30th St Los Angeles, CA 90007-3758
- Apartment buildings
- 13,432 SF
- 0.25 lot acres
Dec 05, 2024
Current Use by Public Records
- Belle Tulip / Apartment Building
- Regal Rita Apartments / Apartment Building
Property Details for 803 30th St
- Year built
- 1965
- Lot size
- 0.25 lot acres
- Property size
- 13,432 SF
- Zone code
- LARD1.5
- Property type
- Apartment buildings
- APN
- 5123-013-007
- APU
- 5123013007
Description
This exceptional two-story, 20-unit apartment building presents a compelling investment opportunity in Los Angeles' desirable University Park neighborhood. Located just steps from the USC campus, between University Avenue and Royal Street, this property enjoys a 100% occupancy rate with average monthly rents around $2,248 per unit. Each spacious one-bedroom, one-bathroom unit ranges from 600 to 700 square feet and features modern amenities including hardwood and tile flooring, quartz countertops, and updated appliances. Building upgrades include a completed soft-story retrofit (2017), a cool roof (2019), copper plumbing (2005), and new concrete stairs (2019). On-site amenities include laundry facilities, outdoor patio areas, bicycle racks, secure garage storage, and a manager's office. The property benefits from a secure location within the 24/7 DPS security zone, alley access, and secured parking. The building is situated within walking distance of Trader Joe's, restaurants, shops, and entertainment venues. With a total square footage of 13,432, the asking price is $7,250,000, representing a price per unit of $362,500 and a price per square foot of $539.76. The property boasts a 4.99% cap rate and a net operating income (NOI) of $361,975. The property's location, strong rental income, and recent upgrades make it an ideal long-term investment, with potential for future expansion through the addition of accessory dwelling units (ADUs). RUBS utility billing is being implemented on 70% of the units. The APN is 5123013007.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,000,000
- ML approach
- $7,000,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.281
- Latitude
- 34.0267
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
