$ 1,495,000
-
$1,495,000
Price -
8
Bed -
8
Bath -
4,800
SqFt
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About the Listing CLW-X83092 - CLW-C137215
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 Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: Refrigerator
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 75x75
- Zoning: (Q)R3-1-O-CPIO
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Side By Side
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5054013001
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
1519 W 30th St Los Angeles, CA 90007
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