1414 W 30TH Street, Los Angeles, CA 90007 | MLS 14790403 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

1414 W 30TH Street,  Los Angeles CA, 90007

1,693 sqft
Status: Sold
MLS#: 14790403
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Rosano Partners
Last Updated: 12/10/2016 8:38 AM
Description for 1414 W 30TH Street Los Angeles, CA 90007
We are pleased to present the opportunity to acquire a four-plex located in the heart of Los Angeles. Built in 1923, the subject property offers a unit mix of 1 back house (2bd+1ba) that is sixteen hundred square feet, a 2-bedroom 2- bath, a 1-bedroom 1-bath, and 1 single. Gas and electricity are separately metered while water is master metered. The property has been maintained by the owner and kept up to par with the city's requirements. The apartment sits on a 6,075 square foot lot with approximately 3,954 of gross leasable space. The average rent per square foot is $0.96 while the market rent ranges from $1.50-$2.00 per square foot. This identifies a rare opportunity to bring value to an asset to meet the market's demand for student housing. With rents being 42% below market in a location that is on the upswing, a savvy investor can easily identify this opportunity. PLEASE DO NOT DISTURB TENANTS. DRIVE-BY ONLY.
Price
Sold Price:
$605,000
Sold Date:04/29/2015
Los Angeles
1,693 (approx)
14790403
Closed
Description
We are pleased to present the opportunity to acquire a four-plex located in the heart of Los Angeles. Built in 1923, the subject property offers a unit mix of 1 back house (2bd+1ba) that is sixteen hundred square feet, a 2-bedroom 2- bath, a 1-bedroom 1-bath, and 1 single. Gas and electricity are separately metered while water is master metered. The property has been maintained by the owner and kept up to par with the city's requirements. The apartment sits on a 6,075 square foot lot with approximately 3,954 of gross leasable space. The average rent per square foot is $0.96 while the market rent ranges from $1.50-$2.00 per square foot. This identifies a rare opportunity to bring value to an asset to meet the market's demand for student housing. With rents being 42% below market in a location that is on the upswing, a savvy investor can easily identify this opportunity. PLEASE DO NOT DISTURB TENANTS. DRIVE-BY ONLY.
Listing Information
Property Type: Cluster, Other
0.14 Acres 1,693 (approx) $357.35
1922
5 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
None
None
None
Exterior / Lot Features
LAR2
Driving Directions
The subject property is situated on the corner of W 30th Street and Walton Avenue located only 0.5 miles from the University of Southern California. The property lies between W Adams Boulevard and W Jefferson Boulevard near the intersection of Jefferson >
Financial Considerations
5040024019
,$21,793
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90007 has a population of 3,804,503.

The median household income in Los Angeles, California 90007 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90007 is 34.1 years.

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Courtesy: Rosano Partners Sagiv Rosano
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Information is deemed reliable but is not guaranteed.

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