1519 W 30th Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 5,632 sqft lot
- 1924 build
- – on site
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.
Last checked:
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Last updated Jan 16, 2025
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MLS# 25484011 —
The Building
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Year Built:1924
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New Construction:No
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Building Area Total:4800.00
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:South on Western Avenue, East on W. 30th Street
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Latitude:34.02749800
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Longitude:-118.29783700
The Property
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Property Type:Residential Income
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Zoning:(Q)R3-1-O-CPIO
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Lot Size Area:5632.0000
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Lot Size Dimensions:75x75
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Lot Size Acres:0.1293
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Lot Size SqFt:5632.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5054013001
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Side by Side
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/25
Jan 16, 2025
|
Listed / Active | CRMLS_CA | $1,495,000 |
