Roderick 'rick' Raymundo
This listing was posted on RealtyWW.
$1,380,000
Home For Sale In Los Angeles, California
Price:
$1,380,000
BR/BA:
7 BR, 6 BA
Location:
1414 W 30th St, Los Angeles, CA
Description:
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.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69296721
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Seven Bedroom 6.5 Bath Single-Family Homes for Sale at 1414 W 30th St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1414 W 30th St by searching Oodle Classifieds for Seven Bedroom 6.5 Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Seven Bedroom 6.5 Bath Single-Family Homes for Sale at 1414 W 30th St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1414 W 30th St by searching Oodle Classifieds for Seven Bedroom 6.5 Bath Single-Family Homes for Sale in Los Angeles CA.