Los Angeles, CA 90007,803 W 30th ST

$7,000,000

$7,250,000

3.4%
Est.Price: ?

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Est. payment /mo

20 Beds

20 Baths

13,432 SqFt


SOLD DATE : 12/05/2024

Key Details

Sold Price $7,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 13,432 sqft

Price per Sqft $521

MLS Listing ID 24433289

Sold Date 12/05/24

Bedrooms 20

HOA Y/N No

Year Built 1965

Lot Size 0.251 Acres

Property Description

This exceptional two-story, 20-unit investment property is located between University Avenue and Royal Street, just steps from the USC campus. Situated within the DPS zone in North University Park, it offers unmatched convenience in a high-demand rental area. Each spacious 1-bedroom, 1-bathroom unit ranges from 600 to 700 square feet, and rents average around $2,248/mth. Many units boast hardwood and tile flooring, quartz countertops, and modern appliances, including a dishwasher, refrigerator, stove with oven, microwave, double sink with garbage disposal, ceiling fan, vertical blinds, large windows, air conditioning, and a separate bathtub/toilet area for added privacy. Walk-in closets, mirrored closet doors, and in-unit storage enhance the living experience. The property features on-site laundry facilities, outdoor patio areas, bicycle racks, secure garage storage, a manager's office with a 1/2 bathroom, and beautifully landscaped surroundings with trees, plants, ferns, shrubs, and flowers. A soft-story retrofit was completed in 2017, SB721 Inspection/ passed, a cool roof in 2019, copper plumbing in 2005, new concrete stairs in 2019, and RUBS utility billing is being implemented on 70% of the units. There is potential to add additional ADU's and an additional unit. The property offers secured parking with alley access and is a scenic five-minute walk to USC's Trousdale North Entrance via the Hoover Pedestrian Mall. It's also within walking distance of Trader Joe's, restaurants, shops and entertainment on Figueroa, University Village, and soon-to-be Rawlinson Stadium. This property is an excellent investment opportunity and a perfect long-term portfolio property.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Radiant

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Controlled Entrance, Carport, Electric Gate, Garage, Community Structure, Storage, Tandem

Carport Spaces 5

Total Parking Spaces 25

Building

Story 2

Entry Level Multi/Split

Architectural Style Traditional

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5123013007

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Christopher Furstenberg • Nourmand & Associates-HW
Bought with Christopher Furstenberg • Nourmand & Associates-HW

GET MORE INFORMATION

Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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