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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$3,299,000

Est. payment - /mo

14 Beds

9 Baths

5,295 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,295 sqft

Price per Sqft $623

MLS Listing ID 26767465

Bedrooms 14

HOA Y/N No

Year Built 1907

Lot Size 6,952 Sqft

Property Description

We are pleased to present a rare opportunity to acquire a high performing, turn-key five (5) unit student housing investment located in the premier North of USC pocket, within the highly sought-after DPS Patrol Zone. Positioned just a short walk from the University of Southern California, this location consistently commands strong rental demand, premium rents, and 100% occupancy year-round. This asset is built for cash flow and stability. The property is currently 100% occupied with USC students and fully leased, generating $23,350 per month in gross income, offering investors immediate yield from day one. With parental guarantees in place and a proven leasing track record, this investment provides a reliable and predictable income stream in one of the strongest student housing markets in Los Angeles. The property consists of a well-maintained triplex (1907) and a newer duplex (2015), totaling approximately 5,295 rentable square feet on a 6,952 square foot lot. The unit mix includes (3) 3-bedroom + 2-bath units, (1) 4-bedroom + 2-bath unit, and (1) studio, an ideal configuration for maximizing per-bed income and maintaining high occupancy. All units have been extensively renovated with modern, high-end finishes, including hardwood flooring, stainless steel appliances, quartz countertops, tiled showers with glass enclosures, in-unit washer and dryers, and wall-mounted flat-screen TVs. The property also features 10 garage parking spaces, a gated entry, and a shared outdoor amenity area with a barbecue and hot tub, highly attractive features for the student demographic. From an operational standpoint, the asset is extremely efficient, with tenants responsible for all utilities (water, gas, and electricity are individually metered), further enhancing net income and reducing landlord expenses. Additional capital improvements include a new roof, upgraded copper plumbing, and double-pane windows, minimizing future maintenance and capital expenditure risk.Offered at approximately a 7% cap rate and 12x GRM, this is a true plug-and-play investment combining strong in-place cash flow, minimal management intensity, and long-term upside in one of LA's most resilient and supply-constrained rental submarkets.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Combination

Cooling Dual

Flooring Tile

Fireplace No

Appliance Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor, Vented Exhaust Fan, Dryer, Washer

Laundry Inside, Stacked

Exterior

Parking Features Covered, Private, One Space

Total Parking Spaces 10

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5039001050

Special Listing Condition Standard

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Listed by Davis Saadian Keller Williams Hollywood Hills #01921748

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

1238 W 30th ST Los Angeles, CA 90007

Ernie Caponera

Key Details

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Exterior

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1238 W 30th ST