-
Listed Price :
$7,250,000
-
Beds :
20
-
Baths :
20
-
Property Size :
13,432 sqft
-
Year Built :
1965
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room |
| Bedroom Information |
| Bedrooms |
20 |
| Bathroom Information |
| Bathrooms |
20 |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
803 W 30Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90007 |
| County |
Los Angeles |
| Listing Agent |
Christopher Furstenberg DRE #01208924 |
| Co-Listing Agent |
Howard Lorey DRE #01263717 |
| Courtesy Of |
Nourmand & Associates-HW |
| List Price |
$7,250,000 |
| Status |
Pending |
| Type |
Residential Income |
| Structure Size |
13,432 |
| Lot Size |
10,914 |
| Year Built |
1965 |
Listing information courtesy of: Christopher Furstenberg, Howard Lorey, Nourmand & Associates-HW. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 17th, 2024 at 12:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
