1175 W 30th St, Los Angeles, CA 90007

Property Description

is pleased to present 1175 West 30th Street, a four-unit student housing property in Los Angeles, California. The property is just one block from the University of Southern California within the CSC and DPS patrol areas; it is also one block from University Village, a $700 Million mixed-use project due to be completed in 2017. University Village will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks. The property is in the most sought-after neighborhood north of USC and is fully occupied by USC students. The offering comprises one building that contains two three-bedroom/two-bath and two two-bedroom/one-bath units (buyer to verify legality with city). The property was partially renovated with new flooring, upgraded plumbing and new bathroom fixtures two years ago. In addition to the strong rental income from the units, uncovered parking spaces in the rear of the property generate $200 per month. With strong rents in place and a coveted location, 1175 West 30th Street is an excellent turnkey student housing opportunity with additional upside in rents that could be captured by an astute investor.