803 30Th StLos Angeles, CA 90007

Property Details for 803 30Th St

Year built

1965

Lot size

0.25 AC

Property size (Sq ft)

13,432 SF

Zone code

LARD1.5

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

5123-013-007

APU

5123013007

Description

This exceptional two-story, 20-unit apartment building presents a compelling investment opportunity in Los Angeles' desirable University Park neighborhood. Located just steps from the USC campus, between University Avenue and Royal Street, this property enjoys a 100% occupancy rate with average monthly rents around $2,248 per unit. Each spacious one-bedroom, one-bathroom unit ranges from 600 to 700 square feet and features modern amenities including hardwood and tile flooring, quartz countertops, and updated appliances. Building upgrades include a completed soft-story retrofit (2017), a cool roof (2019), copper plumbing (2005), and new concrete stairs (2019). On-site amenities include laundry facilities, outdoor patio areas, bicycle racks, secure garage storage, and a manager's office. The property benefits from a secure location within the 24/7 DPS security zone, alley access, and secured parking. The building is situated within walking distance of Trader Joe's, restaurants, shops, and entertainment venues. With a total square footage of 13,432, the asking price is $7,250,000, representing a price per unit of $362,500 and a price per square foot of $539.76. The property boasts a 4.99% cap rate and a net operating income (NOI) of $361,975. The property's location, strong rental income, and recent upgrades make it an ideal long-term investment, with potential for future expansion through the addition of accessory dwelling units (ADUs). RUBS utility billing is being implemented on 70% of the units. The APN is 5123013007.

• CAP approach

  CAP return

  Valuation

  6%

  $4,825,814

  6.5%

  $4,454,598

  7%

  $4,136,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,959,055

  Geo Method

  $3,959,055

• Alternative Use

  Use

  Valuation

  Residential

  $4,454,598

  Hospitality

  $4,080,388

  Educational

  $3,394,834

  Medical

  $3,511,588

  Retail

  $5,280,854

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0267

Longitude

-118.281

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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