
Los Angeles, California 90007
This Turnkey Student Housing Asset is listed at $975,000, offering a high-yield opportunity in the competitive USC rental market. Although priced above the $894,871 Fair Market Value, the property delivers a robust 7.5% Cap Rate supported by a Condition Rating of 2 and a fully renovated five-bedroom layout. Key upgrades include a brand-new kitchen and modern tile work, all situated within the secure DPS Patrol Zone. This move-in-ready investment is an ideal match for Buy-and-Hold Investors or Student Housing Specialists targeting consistent rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 Exposition Boulevard Subject | $975,000* List Price | 5 | 2 | 1,057 | $847 | - |
A 1438 W 30th Street Active | $920,000 List Price | 3 | 3 | 1,285 | $716 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete recent renovation including a brand-new kitchen, updated bathrooms with modern tile and glass enclosures, new vinyl plank flooring, and fresh paint, making it a turnkey, mint-condition asset.
Situated just one block from USC and within the highly desirable DPS Patrol Zone, the property is perfectly positioned to capture consistent, high-demand student rental traffic.
The property is fully renovated and rent-ready, offering an impressive 7.5% cap rate with a projected gross monthly income of $7,500 from its five-bedroom configuration.
Located within walking distance of the Metro Expo Line and Exposition Park, the property benefits from easy city-wide access and significant appreciation potential ahead of the 2028 Olympics.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property was recently sold within the past year on 2025-08-08. The sold price is $626,000.00.
Fitting five bedrooms into approximately 1,057 square feet results in very compact living quarters, which may limit the property's appeal to non-student tenants or families.
We are pleased to present a rare opportunity to acquire a vacant, fully renovated, rent-ready student housing single-family residence located just one block from the University of Southern California (USC) in the highly sought-after DPS Patrol Zone. This 5-bedroom + 2-bathroom home offers approximately 1,057 square feet of rentable space on a 2,667 square foot LARD2-zoned lot, making it ideally suited for student housing or co-living arrangements. The property has recently undergone extensive renovations, including a brand-new kitchen, updated bathrooms with modern tile work and glass shower enclosures, new vinyl plank flooring throughout, and fresh interior and exterior paint. A dedicated on-site laundry area is conveniently located outside of the property. Given its premier location just steps from campus and the USC Village, the property offers exceptional income potential. Each bedroom can achieve approximately $1,500 per month, resulting in a projected gross income of $7,500 per month. Additionally, tenants are responsible for all utilities, including water, trash, gas, and electricity, helping keep operating expenses low and maximizing net income for the owner. The investment is priced at a 7.5% cap rate, an excellent cash-flow opportunity. Beyond its proximity to USC, the property is within walking distance to the Metro Expo Line, providing easy access to Downtown Los Angeles and the Westside. It is also located near Exposition Park, home to major attractions such as the LA Memorial Coliseum, BMO Stadium (home of LAFC), and the future George Lucas Museum of Narrative Art. With Exposition Park set to host key events for the 2028 Los Angeles Olympics, the area continues to experience strong growth and increasing demand. This is an excellent opportunity to acquire a turnkey, high-demand rental property in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,057 | 1,232 | 44% |
| Lot Size | 2,667 | 2,940 | 33% |
| Price | $975.0K | $799.0K | 67% |
| Price per sq ft | $922 | $564 | 89% |
| Built year | 1912 | 1909 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 183 | 11% |
Apr 25, 2026
$975,000
Initial Listing
Aug 8, 2025
$626,000
Public Record
Sep 23, 2016
$375,000
Public Record
Jun 7, 2012
$169,500
Public Record
Jul 18, 2000
$67,000
Public Record
Aug 8, 1997
$120,000
Public Record