803 W 30th Street
Los Angeles, CA, 90007 $ 7,250,000
Baths0.0 Sq 13,432 Monthly Estimate*
$ 43,421
Listed by Nourmand & Associates-HW
Studio
for $7,250,000. This 13,432 square foot building was built in 1965 on a lot size of 0.2506.
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 softstory 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.
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FeaturesGeneralZoning LARD1.5
HOA 0.0
Year Built 1965
County Los Angeles
Net Operating Income 361975.0
Insurance Expense 26324.0
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions South of Adams North of Jefferson & West of Figueroa
City Los Angeles
Disclosures RentControl
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 20
MLS Area C42 - Downtown L.A.
Lot Size Units SquareFeet
Lot Size Square Feet 10914.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 4343.0
Home Warranty Y/N N
Trash Expense 4881.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Standard Status Active
Cap Rate 4.99
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ExteriorTotal Parking 25.0
Lot Size Area 10914.0
Number of Buildings 1
Spa N
Building Area Total 13432.0
Lot Size Acres 0.2506
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features LaundryRoom
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByNourmand & Associates-HwBroker
Affordability Calculator
- Monthly Principal & Interest
- $43,421
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Los Angeles, CA
Average List Price $3,356,963
Percent of Sale Price 54%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
9/4/2024 | $7,250,000 | | Listed Price |