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716 W 30th St
Los Angeles, CA 90007 West Adams

$2,650,000 USD

Apartments For Sale • 5,615 SF

Property Details

Property Type Apartments
Total Building Size 5,615 SF
Lot Size 0.16 AC
Building Class B
Year Built 1907
Zoning R3-1-O

90 Transit Score

80 Walk Score

                
                    Highlights
                
                                The property operates at a 6.96% cap rate and 9.46 GRM on current school-year income, ahead of the recent submarket sales comp average.
                            
                                The property is offered at $176,667 per bed and $472 per square foot, below the average of the recent comparable sales in the surrounding submarket.
                            
                                LA's recent cut to allowable RSO rent increases has minimal impact near USC, where student turnover every 1–3 years resets rents to market.
                            
                                The existing two-car garage offers ADU conversion potential for future growth and appreciation (buyer to verify).
                            
                                Ownership has invested $500K+ since 2016 in kitchens, baths, flooring, plumbing, electrical, seismic and security; SB 721 inspection complete.
                            
                                USC campus and University Village (Trader Joe's, Target) are two blocks away, The Row is around the corner, and the Walk Score is 93.

Amenities

Courtyard
Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	3.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.3 mi
Transit/Subway	Drive	Walk	Distance
Jefferson/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	9 min	0.5 mi
LATTC/Ortho Institute (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Expo Park/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	13 min	0.7 mi
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	23 min	-	15.5 mi
Bob Hope	30 min	-	19.6 mi
Long Beach (Daugherty Field)	29 min	-	20.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	TwoCarGarage
Included in Rent:	Yes

Sean Rosenzweig 213-943-1897 Marcus & Millichap

716 W 30th St Los Angeles, CA 90007 West Adams