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1414 W 30Th St, Los Angeles, CA 90007
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1414 W 30Th St Los Angeles, CA 90007

$1,380,000
  • 7 Beds
  • 6 Baths
  • 3,954 Sq.Ft.
For Sale
$1,380,000 Get Pre-Qualified
Map preview of 1414 W 30Th St, Los Angeles, CA 90007

Property Overview: 1414 W 30Th St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 3,954 living square feet and 6,075 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 | BRE #01357019 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: January 11th, 2024 | Source CRMLS | DOM: 105
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Home details

Lot Sq. Ft
6,075
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24343689
City
Los Angeles
County
Los Angeles
Time on Site
126 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $788
  • Total Rent: $788
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,827
  • Total Rent: $1,827
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,445
  • Total Rent: $1,722
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.21%
  • Gross Rent Multiplier: 18.08
  • Gross Scheduled Income: --
  • Net Operating Income: $44,253
  • Gross Operating Income: $72,720
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1414 W 30Th St

Interior Features
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5040024019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 1414 W 30th Street, a four-unit multifamily property located within the USC Patrol Zone, mere blocks from the University of Southern California campus.
View more facts & features

Local Los Angeles Agent

Sale History for 1414 W 30Th St

Last sold for $1,200,000 on April 29th, 2022

  • January, 2024

  • Jan 3, 2024

    Date

    Active

    CRMLS: 24343689

    $1,380,000

    Price

  • December, 2023

  • Dec 5, 2023

    Date

    Canceled

    CRMLS: AR23199387

    $1,385,000

    Price

  • Oct 25, 2023

    Date

    Active

    CRMLS: AR23199387

    $1,385,000

    Price

  • Listing provided courtesy of CRMLS

    Attention developers, investors: Best Prime Location, Highly demanding in the desirable USC DPS Safety Patrol zone, about only 5 mins walking to USC (the University of Southern California) and USC Village! Don't wanna miss this location, the best and real short distance to USC! Providing easy access to all of USC's landmarks, academic buildings, and entertainment options! The current Cap rate is around 3.9%, and it has big potential rent of $150,000.00 then the cap rate would be around 7.9 or might even higher! The area has been consistently growing stronger and stronger, more and more multi Million dollars projects in place and under construction! Valuable with the Most High Demanding Unit Mix, Four (4) units + one car garage ( potential ADU ) value-add multifamily investment opportunity. Address: 1414 W. 30th Street, 3005, 3007 & 3011 Walton Ave.. LAR2 Zone! It offers Two (2) separate structures - consisting of 1 unit of Single ( 2 bed RM 1 bath RM, possibly 3 bed 1bath or 2bed 2bath ) in one building, 3 units in another building ( 2 bed / 2 bath RM - Occupied by USC Students, 1 bed /1 bath possibly 2 bed /2 bath, 2 bed RM 2 bath possibly 3 bed 2 bath ), detached one car garage is currently rented as a storage at $300.00. All tenants are responsible and current with rental payments. First unit currently occupied by USC students was brand new upgraded with modern look - new windows, new kitchen, a new bath room, closet, floor, paint... Current gross income is $76,320 annually with big potential of possible $150,000.00! Also just minutes away from LA Convention Center, Crypto.com Arena and many well-known amenities along Figueroa St. You don't wanna miss this property and this location!!

  • October, 2023

  • Oct 6, 2023

    Date

    Canceled

    CRMLS: AR23177749

    $1,385,000

    Price

  • Sep 24, 2023

    Date

    Active

    CRMLS: AR23177749

    $1,385,000

    Price

  • Listing provided courtesy of CRMLS

    Attention developers, investors: Best Prime Location, Highly demanding in the desirable USC DPS Safety Patrol zone, about only 5 mins walking to USC (the University of Southern California) and USC Village! Don't wanna miss this location, the best and real short distance to USC! Providing easy access to all of USC's landmarks, academic buildings, and entertainment options! This LARGE USC student housing investment opportunity has big potential rent of $150,000.00 with many more beds and baths possibility, then the cap rate would be around 7.9 or might even higher! The area has been consistently growing stronger and stronger, more and more multi Million dollars projects in place and under construction! Valuable with the Most High Demanding Unit Mix, Four (4) units + one car garage ( potential ADU ) value-add multifamily investment opportunity. Address: 1414 W. 30th Street, 3005, 3007 & 3011 Walton Ave.. LAR2 Zone! It offers Two (2) separate structures - consisting of 1 unit of Single ( 3 bed RM 1 bath RM ) in one building, 3 units in another building ( 2 bed / 2 bath RM - Occupied by USC Students, 2 bed /1 bath possibly 2 bed /2 bath, 3 bed RM 2 bath ), detached one car garage is currently rented as a storage at $300.00. All tenants are responsible and current with rental payments. First unit currently occupied by USC students was brand new upgraded with modern look - new windows, new kitchen, a new bath room, closet, floor, paint... Current gross income is $76,320 annunally with big potential of possible $150,000.00! Also just minutes away from LA Convention Center, Crypto.com Arena and many well-known amenities along Figueroa St. You don't wanna miss this property and this location!!

  • March, 2023

  • Mar 23, 2023

    Date

    Canceled

    CRMLS: AR22246991

    $1,550,000

    Price

  • Nov 27, 2022

    Date

    Active

    CRMLS: AR22246991

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    Attention developers, investors, owners: Best Prime Location, Highly demanding in the desirable USC DPS Safety Patrol zone, about only 5 mins walking to USC (the University of Southern California) and USC Village! Don't wanna miss this location, the best and real short distance to USC! Providing easy access to all of USC's landmarks, academic buildings, and entertainment options! This LARGE USC student housing investment opportunity has big potential rent of $150,000.00 with many more beds and baths possibility, then the cap rate would be around 7.9 or might even higher! The area has been consistently growing stronger and stronger, more and more multi Million dollars projects in place and under construction! Valuable with the Most High Demanding Unit Mix, Four (4) units + one car garage ( potential ADU ) value-add multifamily investment opportunity. Address: 1414 W. 30th Street, 3005, 3007 & 3011 Walton Ave.. LAR2 Zone! It offers Two (2) separate structures - consisting of 1 unit of Single ( 3 bed RM 1 bath RM ) in one building, 3 units in another building ( 2 bed RM 2 bath RM - Occupied by USC Students, 2 bed 1 bath, 2 bed RMs- 1 bed rm is huge & can be divided into 2 bed RMs, 2 bath RM ), detached one car garage is currently rented as a storage at $300.00 ( not shown on unit info income yet). All tenants are responsible and current with rental payments. First unit currently occupied by USC students was brand new upgraded with modern look, with new windows, new kitchen, a new bath room, closet, floor, paint... Current gross income is $6910/ Month with big potential much higher rents of possible $150,000.00! beloved by locals for its city lifestyle just minutes away from LA Convention Center, Crypto.com Arena and many well-known amenities along Figueroa St. You don't wanna miss this property and this location!!

  • April, 2022

  • Apr 29, 2022

    Date

    Sold

    CRMLS: 22143031

    $1,200,000

    Price

  • Apr 4, 2022

    Date

    Active

    CRMLS: 22143031

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer for sale this four (4) unit value-add multifamily investment opportunity located at 1414 W. 30th Street, walking distance to the University of Southern California (USC). The investment consists of two (2) separate structures, constructed of wood frame and stucco on a raised foundation built in 1922, with a square footage of 3,954 on a 6,075-square foot lot. The property is comprised of a remarkable unit mix, consisting of one (1) Single, one (1) 1+1 unit, one (1) 2+1 unit, and one (1) spacious 2+1 Single family residence. The subject property is 100% occupied, and all tenants are current with rental payments. The subject property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and entertainment options. Current gross income is $5,360/ Month with approximately 40% upside in potential rents.

  • April, 2015

  • Apr 29, 2015

    Date

    Sold (Public Records)

    Public Records

    $605,000

    Price

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Tax History for 1414 W 30Th St

Assessed Value (2020): $664,855
Year Land Value Improved Value Assessed Value
2020 $329,680 $335,175 $664,855

Home Value Compared to the Market

This property vs the competition

1414 W 30Th St is listed 11.74% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $349.01 per/sqft which puts the price per square foot 54.91% lower than the median price per square foot for the city of Los Angeles.

About 1414 W 30Th St

Detailed summary of property

1414 W 30Th St is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 3,954 living square feet, and sits on an approximately 6,075 square foot lot. 1414 W 30Th St was first listed on ArdentRealEstateGroup.com on January 4, 2024. The homeowner is currently asking $1,380,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 11.74% higher than the median priced home. Local competing homes currently for sale include 2220 Raymond Ave, 1766 W 25th St and 1163 W 38th St. While the average home in Los Angeles, CA is selling in 94 days, 1414 W 30Th St has a days on market of 105 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1414 W 30Th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1414 W 30Th St

Public county record property details
Beds
6
Baths
6
Year built
1922
Sq. Ft.
3,954
Lot Size
6,075
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
71
APN
5040-024-019

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
11
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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