90007 USC Multifamily Market Report- Fall 2025

The 90007 ZIP code, covering much of the University Park neighborhood just southwest of Downtown Los Angeles, is one of the most active rental and investment zones in the city. Anchored by the University of Southern California (USC) and bordering Exposition Park and the Figueroa Corridor, this highly urbanized area is defined by a mix of historic housing stock, renovated apartments, university facilities, and local businesses.

For investors, 90007 is attractive not only because of its constant student housing demand but also because parts of the area fall into Opportunity Zones, offering potential tax advantages. With strong rental pools, consistent turnover, and value-add opportunities, this submarket continues to appeal to multifamily buyers.

Current Market Snapshot 90007 Multifamily

As of late September 2025, there are 62 active multifamily listings in 90007, supported by steady sales and pending transactions:

• 62 Active Listings

• 3 Pending Sales

• 12 Sold Since June 23, 2025

This amount of inventory shows there are plenty of options on the market, but buyers are being careful and focusing on the best locations, steady rental income, and properties they can improve for more value.

Active Multi-Unit Listings 90007

Active properties range from smaller multi-unit conversions to larger 16-unit complexes:

• Prices stretch from the mid-$700,000s up to $2.3M+.

• Median active list price: $1.39M

• Median list price per square foot: $382/sf

• Median Days on Market (DOM): 88 days

Well-located properties closer to USC’s campus or with modernized interiors often command premium rents and faster absorption.

Pending & Under Contract Multi-Units 90007

The pending pipeline shows continued interest in affordable and mid-tier assets:

• 2820 S Budlong Ave: Listed at $1.05M (~$190/sf).

• 1497 W 29th St; Listed at $1.35M (~$444/sf) for an 8-unit building.

These numbers highlight where investor demand is most concentrated: functional buildings under $1.5M move quickly.

Sold Multifamily Properties 90007

Recent sales activity shows healthy turnover in the submarket:

• Sold price range: $626K – $1.64M

• Median sold price: $1.15M

• Median DOM: 45 days

Examples:

• 3425 Walton Ave – Sold for $935,000 ($604/sf).

• 1167 W 29th St – Sold for $1.10M after just 45 days.

• 2656 Van Buren Pl – Closed at $1.64M ($394/sf).

This data shows that competitively priced properties in core student corridors are moving quickly, while higher-priced assets take longer unless repositioned or upgraded.

Investor Incentives 90007

Student Housing Stability – USC’s steady enrollment fuels strong rental demand. Student housing has faster turnover than traditional rentals, letting landlords bring rents up to market rates more often. This boosts income potential and, in turn, increases property value.

Opportunity Zone Benefits – Investors can leverage tax incentives on certain parcels for long-term gains.

Value-Add Upside – Many buildings date back to the early 1900s and require modernization; updates can unlock rent growth, Mills Act tax savings, the adaptive reuse ordinance for easier conversions, and federal historic tax credits. Proximity to a Metro station, lot size, and the ability to subdivide or add more units are all key factors. Understanding these nuances helps maximize a property’s potential.

Market Selectivity – With average actives sitting nearly three months on the market, buyers are cautious, but well-priced properties move fast.

Thinking of buying or selling multifamily property near USC (90007)? Whether it’s a duplex, triplex, fourplex, or larger building, now is the time to evaluate your options. Even older properties can hold strong value thanks to Opportunity Zone benefits, favorable zoning, or larger lots. Understanding these factors is key to maximizing price when buying or selling.

Contact me today for a complimentary market analysis and consultation. Understanding the nuances of this market can make all the difference in maximizing your return.