Active

1238 W 30th Street

Los Angeles, CA 90007
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Bed 14

Bed

Bath 0

Bath

SqFt5,295

Sqft

SqFt6,954

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,299,000

AD Id : 77638898

MLS Id : 26767465

Beds : 14

Lot Size : 6,954 Sqft

Living Area Size : 5,295

Year Built : 1907

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 14

    Bathroom Information

    Total Baths: 9 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Barbecue,Dishwasher,Disposal,Microwave,Refrigerator,Trash Compactor,Vented Exhaust Fan,Dryer,Washer Flooring: Tile
  • Cooling Features

    Dual Air Conditioning

    Heating Source

    Combination Has Heating

  • Building Information

    Year Built: 1907 Building Area Total: 5,295
  • Laundry Features

    Inside,Stacked

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1596 Lot Size Dimensions: 50x137
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6954

  • Listing Price Information

    Original List Price: 3,299,000 Listing Contract Date: 2026-04-21
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5039001050

  • Garage and Parking

    Garage Description: Covered,Private,One Space

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Postal Code Plus 4: 3104 Directions: 1236-1238 W. 30th Street | Los Angeles, CA 90007 Zoning: LAR3 Source Property Type: Residential Income Area: C16 - Mid Los Angeles
  • Building and Construction

    Property Age: 119 Year Built Source: Vendor Enhanced Total Square Feet Living: 5295 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
225 W Adams Boulevard, Los Angeles, CA, 90007 $1,775,000 -- -- 8,540 8,540 SqFt
1938 Bonsallo Avenue, Los Angeles, CA, 90007 $1,129,000 -- -- 5,964 5,964 SqFt
1978 Bonsallo Avenue, Los Angeles, CA, 90007 $1,599,800 7 -- 3,456 3,456 SqFt
2119 S Union Avenue, Los Angeles, CA, 90007 $1,525,000 15 -- 6,671 6,671 SqFt
1017 W 24th Street, Los Angeles, CA, 90007 $1,220,000 4 -- 3,104 3,104 SqFt
1016 W 24th, Los Angeles, CA, 90007 $1,800,000 -- -- 8,563 8,563 SqFt
721 W 30th Street, Los Angeles, CA, 90007 $7,100,000 25 -- 12,928 12,928 SqFt
716 W 30th Street, Los Angeles, CA, 90007 $2,608,888 15 -- 5,615 5,615 SqFt
2623 Ellendale Place, Los Angeles, CA, 90007 $8,500,000 28 -- 17,099 17,099 SqFt
1543 W 22nd Place, Los Angeles, CA, 90007 $849,000 -- -- 3,168 3,168 SqFt

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ByOwner last updated this listing 06/19/2026 @ 17:37

MLS: 26767465 LISTED BY: Davis Saadian, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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