USC Student Housing | Prime Location 1239 W 30th St 6 Unit Apartment Building $4,576,590 CAD ($762,765 CAD/Unit) 6.37% Cap Rate Los Angeles, CA 90007

The Davis Saadian Group is proud to present a rare opportunity to acquire a 2003 built, LA RSO exempt fully renovated, six-unit turnkey student-housing apartment community located in the highly sought-after North of Campus neighborhood, within the DPS Patrol Zone and just a short walk to the University of Southern California (USC).
The property and all six units have been completely remodeled with modern, high-end finishes throughout. Each spacious unit features vinyl plank hardwood flooring, stainless-steel kitchen appliances, quartz countertops, tiled showers, and contemporary design elements tailored to today’s student renters. The gated community offers large two-bedroom townhome units, approximately 1,200-square-foot floor plans, underground garage with EV parking, and an on-site laundry facility providing additional income potential.
From an investment standpoint, the asset is exceptionally well positioned. Capital improvements include a new roof, updated copper plumbing, and double-pane windows. All units are individually metered for gas and electricity, with ownership responsible for water and trash expenses. The building is comprised approximately of 6,840 rentable square feet on a 6,863 square-foot lot, and consists of six (6) 2-bedroom + 2.5-bathroom townhouse units.
Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk, high-demand student-housing investment with strong fundamentals and long-term growth potential. Units #2 & #6 are currently vacant and in the process of getting leased out. Please email for the Financial Analysis/ Executive Summary.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services.
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.