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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1238 W 30th Street Los Angeles, CA 90007
$3,299,000 14 beds, 9 baths
5, 295 sqft
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 26767465
List price is $3,299,000
Beds: 14
Baths: 9
Built in 1907
5,295 sqft
0.16 acres
Lot size: 0.1596
County: Los Angeles
Zoning: LAR3
Appliances: Barbecue,Dishwasher,Disposal,Microwave,Refrigerator,Trash Compactor,Vented Exhaust Fan,Dryer,Washer
Parking description: Covered,Private,One Space
Heating/cooling: Dual
Heating description: Combination
MLS area: C16 - Mid Los Angeles

Last Updated: 8/29/2026

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.027155, -118.289983.
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Listing Agent: Davis Saadian
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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