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631 West 30th Street

Updated Oct 21, 2026

BRAD Management & Affiliates Acquires Student Housing Near USC For $21.25M
SOLDStudent Housing

BRAD Management & Affiliates Acquires Student Housing Near USC For $21.25M

631 West 30th Street

$21,250,000

$593/SF

Building Size

35,789 SF

Asset Type

Student Housing

Closing

Aug 3, 2022

About this deal

AI

Brennan Wise, Tyler Virgadamo & Jerry Wise handled the sale of a student housing property located at 631-701 West 30th St. in University Park. The property, consisting of 35,789 square feet, was sold for $21,250,000, resulting in a price per square foot of $593.

Summary of transaction details:

  • Property Type: Student Housing
  • Sale Price: $21,250,000
  • Square Footage: 35,789
  • Address: 631-701 West 30th St.
  • Market: University Park

BRAD Management & Affiliates, represented by their broker Brennan Wise, Tyler Virgadamo & Jerry Wise, acquired the property from Larry Clumeck. The buyer expressed excitement about the acquisition, as it adds to their existing portfolio of student housing near USC. The purchased property consists of 49 units and over 80 bedrooms, further enhancing their presence in the market.

Note from the buyer: BRAD + Moxie Management have acquired 4 contiguous parcels of student housing near USC with 49 units & over 80 bedrooms.

On the Map

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$21,250,000

$593/SF

Student Housing

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Players

Moxie Management
Moxie ManagementBuyer

Larry Clumeck

Seller

$21.3M

vol

1 deal

Seller
Bilt advertisement

Matlosana Local Municipality Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale transactions

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Deal FAQ

About $593 per square foot on a published $21.3M for 35,789 square feet (2022).

Visit Larry Clumeck to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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