$7,200,000
$2M PRICE DROP

Estimated payment $39,954/month

Total Views 6,068
25 Beds
23 Baths
12,928 Sq Ft
$557 Price per Sq Ft

Highlights

  • Gated Parking
  • Laundry Room
  • Gated Home

About This Home

*The Spot is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Welcome to The Spot, an exceptional private student housing building located at 721 W 30th St., offering a prime location just a short walk from the University of Southern California (USC) campus. This meticulously cared-for property, fully occupied by USC students, sits on a spacious 11,795 sq. ft. lot with a building size of 12,928 sq. ft. The property boasts convenient access to USC Village, the Shrine Auditorium, and the bustling retail amenities along Figueroa St., ensuring tenants have everything they need within walking distance.The unit mix at The Spot includes one 4-bedroom unit, two 2-bedroom units, sixteen 1-bedroom units, and one studio unit, providing a variety of housing options tailored to student needs. Renovated in 2005, the property features modern updates and common area amenities that enhance tenant enjoyment. With 36 on-site parking spaces, the property is designed to accommodate the needs of its residents. Additionally, there is significant potential to add more dwelling units, offering an exciting opportunity for future growth. The building is owned and operated by CDI Management and is fully occupied by USC students. Property Fully Leased for the 2025-2026 Academic School Year! This is an exceptional investment opportunity for those looking to capitalize on the high demand for student housing in the heart of USC's vibrant campus community.

Listing Agent

Michael Fukushima

Keller Williams Los Angeles License #01380445 Listed on: 02/27/2025

Keller Williams Los Angeles

Co-Listing Agent

Stephen Watson

Keller Williams Los Angeles License #01187813

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,592

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 0.27 Acre Lot
  • Gated Home

Home Design

  • Split Level Home

Interior Spaces

  • 12,928 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 23 Bathrooms

Parking

  • 36 Parking Spaces
  • Gated Parking

Community Details

  • 20 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gas, water, gardener, electricity
  • Assessor Parcel Number 5123-013-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,592

Year Built

Built in 1963 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 12928
  • Lot Acreage: 0.2730
  • Price Per Unit: 405000.00
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 25
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Total Bathrooms: 23.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 556.93

Exterior Features

  • Other Structures: None
  • Construction: Frame and Stucco

Garage/Parking

  • Parking Garage: Gated, Gated Underground
  • Total Parking: 36

Utilities

  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 76.19
  • Assessed Improvement Value: 2271902
  • Assessed Land Percent: 23.81
  • Assessed Land Value: 709959
  • Total Assessed Value: 2981861
  • Assessor Parcel Number: 5123-013-004
  • Lot Size Area: 11795

Rental Info

  • Monthly Gross Income: 51100.00
  • Owner Pays: Gas, Water, Gardener, Electricity
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.52
  • Gross Scheduled Income: 625200.00
  • Number Of Units: 20
  • Rent Control: 100
  • Total Annual Expense: 181476
  • Type Of Units: Residential
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,592 $773,052 $419,156 $353,896
2024 $9,592 $757,895 $410,938 $346,957
2023 $9,411 $743,035 $402,881 $340,154
2022 $5,897 $463,797 $217,033 $246,764
2021 $5,806 $454,704 $212,778 $241,926
2020 $7,898 $620,009 $327,056 $292,953
2019 $3,682 $274,582 $92,290 $182,292
2018 $3,587 $269,199 $90,481 $178,718
2017 $3,512 $263,921 $88,707 $175,214
2016 $3,391 $258,747 $86,968 $171,779
2015 $3,345 $254,861 $85,662 $169,199
2014 $3,381 $249,869 $83,984 $165,885
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $7,200,000 0.0% $557 / Sq Ft
05/08/2025 05/08/25 Price Changed $2,195 0.0% $4 / Sq Ft
05/07/2025 05/07/25 Price Changed $8,100,000 0.0% $627 / Sq Ft
05/06/2025 05/06/25 For Rent $2,300 0.0% --
02/27/2025 02/27/25 For Sale $9,000,000 -- $696 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Robert Z Seligman
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $275,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: The MLS

MLS Number: 25504043

The MLS

APN: 7465-028-005