Student Housing
1030 West 23rd Street
1030 W 23rd St, Los Angeles, CA 90007
Listing Price: $1,700,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit (3 + 1 ADU), 13-Bedroom student housing community located at 1030-1032.75 West 23rd Street. The property is situated north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 5,304-square-foot lot, the property features two two-bedroom units, one four-bedroom units, and one newly constructed five-bedroom ADU. All units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.
1030 West 23rd street presents investors with a opportunity to acquire a well-managed USC student housing community within the sought-after USC Patrol Zone
The Property is part of a five-property offering consisting of: (1) 1139-1143.75 West 27th Street (2) 2370-2372.5 Portland Street (3) 1030-1032.75 West 23rd Street (4) 1140-1142 West 25th St (5) 2325-2327 Portland Street. Properties may be purchased individually or in any combination thereof.
1030 West 23rd Street
Investment Highlights
- Located within the USC patrol zone
- Newly constructed ADU elevates the asset's overall condition and rental potential and is equipped with solar panels
- All have been renovated with stainless steel appliances, laminate flooring, and modern bathroom finishes, reflecting a proven renovation program that appeals to student renters
- Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
- Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city's real estate market, including infrastructure upgrades, neighborhood improvements, and significant enhancements to nearby venues such as the LA Coliseum, Crypto.com Arena, and BMO Stadium
- The recent LA City Council action to reduce allowable rent increases on RSO units should have minimal impact on student housing properties near USC, which typically benefit from turnover every school year and rental rates adjusting to market-rate
Exclusively Listed By
Financing By
Listing Price: $1,700,000
Investment Highlights
- Located within the USC patrol zone
- Newly constructed ADU elevates the asset's overall condition and rental potential and is equipped with solar panels
- All have been renovated with stainless steel appliances, laminate flooring, and modern bathroom finishes, reflecting a proven renovation program that appeals to student renters
- Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
- Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city's real estate market, including infrastructure upgrades, neighborhood improvements, and significant enhancements to nearby venues such as the LA Coliseum, Crypto.com Arena, and BMO Stadium
- The recent LA City Council action to reduce allowable rent increases on RSO units should have minimal impact on student housing properties near USC, which typically benefit from turnover every school year and rental rates adjusting to market-rate
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit (3 + 1 ADU), 13-Bedroom student housing community located at 1030-1032.75 West 23rd Street. The property is situated north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone. The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways. Situated on an 5,304-square-foot lot, the property features two two-bedroom units, one four-bedroom units, and one newly constructed five-bedroom ADU. All units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students. 1030 West 23rd street presents investors with a opportunity to acquire a well-managed USC student housing community within the sought-after USC Patrol Zone The Property is part of a five-property offering consisting of: (1) 1139-1143.75 West 27th Street (2) 2370-2372.5 Portland Street (3) 1030-1032.75 West 23rd Street (4) 1140-1142 West 25th St (5) 2325-2327 Portland Street. Properties may be purchased individually or in any combination thereof.
Exclusively Listed By
Financing By
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