1414 West 30th Street
1414 West 30th Street
$1,380,000
7
6
3,954
3,954
$349
Description
Featuring spacious floorplans that average nearly 1,000 square feet each, the two structures occupy a corner lot near the intersection of Vermont Avenue and Jefferson Boulevard, the northwest corner of USC campus. A new owner may be able to add substantial value to the asset in a variety of ways through recapturing the approximate 51% in rent upside, by converting garage space to an ADU, or by reconfiguring the units to include additional bedrooms (Buyer to verify). One unit was recently renovated...Featuring spacious floorplans that average nearly 1,000 square feet each, the two structures occupy a corner lot near the intersection of Vermont Avenue and Jefferson Boulevard, the northwest corner of USC campus. A new owner may be able to add substantial value to the asset in a variety of ways through recapturing the approximate 51% in rent upside, by converting garage space to an ADU, or by reconfiguring the units to include additional bedrooms (Buyer to verify). One unit was recently renovated and houses USC students. Using this as a template and applying a similar plan to the remaining units could allow for a dramatic increase in cash flow. Students value the property's proximity to USC Village, the USC tennis and baseball facilities, as well as the campus classrooms and facilities that sit just blocks from the property. Rents are currently averaging only $1.53 per square foot, while other buildings in the immediate area have been able to achieve rents above $3.00 per square foot, particularly by taking advantage of the opportunity to house local students. Because the building contains four units, a new owner may be able to secure residential financing with a lower down payment than that needed for larger multifamily assets. This, coupled with the historically strong occupancy rates near USC campus and the potential for parental guarantees included in student housing leases, may allow for attractive and stable future cash flow.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1414 West 30th Street
Zoning
LAR2
Parcel Number5040024019
Total Units4.0
Living Area3954
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area6075
Location
LISTING UPDATED: 01/11/2024 12:01 AM
Property Details for 1414 West 30th Street
Status | Active |
---|---|
MLS # | 24-343689 |
Days on Market | 161 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.14 AC / 6,075 SF |
County | Los Angeles County |
Location
Building Information for 1414 West 30th Street
Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,075 SF
Payment Calculator
$8,804 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1414 West 30th Street
Property History for 1414 West 30th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1414 West 30th Street
Taxable ValueLand$918,000Additions$306,000Total$1,224,000
Tax Record2023$15,281 ($1,273 / month)
Home Facts
Total Finished SqFt3,954 SqFtAbove Grade Finished SqFt3,954 SqFtLot Size6,075 SqFtStyleTriplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5040-024-019
Schools near 1414 West 30th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
John W. Mack Elementary School PublicK to 5 | ||
Foshay Learning Center PublicK to 12 | ||
Manual Arts Senior High School Public9 to 12 | ||
Stem Preparatory Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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