3 months on rocket

1414 W 30th St, Los Angeles, CA, 90007

$1,380,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
6 Baths
3,954 SqFt
$349/SqFt
House
Schools Nearby

Location

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1414 W 30th St, Los Angeles$1,380,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned
Year Built1922
MLS #24343689
Lot Size0.14 Acres
StatusActive

About 1414 W 30th St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1
  • Living Area: 3,954 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Roderick 'Rick' Raymundo

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

School Info

Assigned Schools Information:

  • Foshay Learning Center, Public District Grades KG-12
  • Manual Arts Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Studio, Public District Grades 6-8
  • John W. Mack Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: We are pleased to announce the opportunity to purchase 1414 W 30th Street, a four-unit multifamily property located within the USC Patrol Zone, mere blocks from the University of Southern California campus.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,380,000
  • Price Per SqFt: $349/SqFt

Tax Information:

  • Annual Amount: $8,458
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1414 W 30th St vs Los Angeles

110 DAYS ON ROCKET

+76 Days

$1,380,000

+$404K More

$349/SqFt

-$279 Less

KEY TAKEAWAY

This property is $404K more than the Median Sold Price and $279/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24343689

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Roderick 'Rick' Raymundo

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 4:20:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 29, 2015Home Sold
$605,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,458$671,742
2020$8,214$664,855
2019$8,086$651,819
2018$7,919$639,039
2017$7,919$626,510

History based on county public records data.

Payment Calculator

$6,955

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,204

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3807660
3
/10

  • John W. Mack Elementary School

  • 3020 S Catalina St

  • 0.11 miles

  • Public District Grades KG-5

school-card-donut-3807661
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.91 miles

  • Public Magnet Grades KG-6

school-card-donut-3807662
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 21.61 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3807663
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.32 miles

  • Public District Grades 6-8

High School

school-card-donut-3807664
5
/10

  • Foshay Learning Center

  • 3751 S Harvard Blvd

  • 0.85 miles

  • Public District Grades KG-12

school-card-donut-3807665
2
/10

  • Manual Arts Senior High School

  • 4131 S Vermont Ave

  • 1.26 miles

  • Public Magnet Grades 9-12

school-card-donut-3807666
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 4.81 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,615. The majority of Los Angeles, CA residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1414 W 30th St

What is the listing price of this property?

The listing price of 1414 W 30th St property is $1,380,000.

What type of property is this?

The property 1414 W 30th St is a house located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 1414 W 30th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1414 W 30th St are:
John W. Mack Elementary School: GreatSchools Rating 3/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
Foshay Learning Center: GreatSchools Rating 5/10
Manual Arts Senior High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,458 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 29, 2015 for $605,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1414 W 30th St has 7 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 1414 W 30th St is 3,954 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1414 W 30th St is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›1414 W 30th St

This home is located at 1414 W 30th St in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 3,954 square foot home, which was built in 1922, sits on a 0.14 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 11, 2024 and is currently priced at $1,380,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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