1519 W 30Th Street

Los Angeles, CA 90007

$1,495,000

List Price

8

bed Beds

8

shower Baths

4,800 sqft

straighten / sqft

1924

calendar_month Built

Property Description

Located just blocks from the University of Southern California (USC) and within the USC Patrol Zone, this 8-unit property presents a unique opportunity for investors and developers. Comprising all junior 1-bedroom units, the layout features a hallway connecting the living room, bathroom, and kitchen in each unit. Currently, two of the units are vacant, while the remaining tenants are long-term. Some tenants have expressed an interest in negotiating cash-for-keys, helping bolster future upside potential. The property sits on a 5,609 square foot lot with 8 side-by-side parking spaces, providing additional upside potential by charging for parking. The lot is zoned (Q)R3-1-O-CPIO and falls under the TOC Tier 3 designation, enabling the development of up to 12 four-bedroom units that can be leased "per bed" to students, capitalizing on the high demand from USC's student population. This property offers an estimated rental income upside of approximately 45%, making it an attractive opportunity for both immediate rental income and future development. The property is not located within an HPOZ zone, further simplifying any redevelopment plans.With its prime location near USC and its zoning potential, this fixer-upper provides both immediate cash flow and long-term value growth.

Listing Information

List Price $1,495,000
Status Active
MLS 25484011
Type Residential Income
Year Built 1924
Lot Size 5,632
Structure Size 4,800
Courtesy Of Maher Commercial Realty
Listing Agent Oron Maher DRE#01299093

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 8

Exterior Information

Maps

Listing information courtesy of: Oron Maher, Maher Commercial Realty 310-464-1453. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 16th, 2025 at 6:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.