229 East 30th Street
229 East 30th Street
$1,150,000
16
7
5,647
5,647
$204
Description
We are pleased to present this 7-unit apartment community located at 229 E 30th St, just 5 minutes from Downtown Los Angeles! Priced at $204/SF on the building, 4.77 GRM on pro-forma rents, and 12.17 GRM on current rents, the building consists of 5 two-bedroom units and 2 three-bedroom units, with over 150% in rental upside! There are 2 separate buildings located on the property, which provides a sense of privacy and community with the existing tenant base. A new owner will have the opportunity to...We are pleased to present this 7-unit apartment community located at 229 E 30th St, just 5 minutes from Downtown Los Angeles! Priced at $204/SF on the building, 4.77 GRM on pro-forma rents, and 12.17 GRM on current rents, the building consists of 5 two-bedroom units and 2 three-bedroom units, with over 150% in rental upside! There are 2 separate buildings located on the property, which provides a sense of privacy and community with the existing tenant base. A new owner will have the opportunity to execute on a value-add process while purchasing the building at below replacement costs on a price/SF and price/unit basis. Nearby amenities include Trader Joe's, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 229 East 30th Street
Zoning
LARD1.5
Parcel Number5128004029
Total Units7.0
Living Area5647
Source Living AreaOther
AreaDowntown L.A. (C42)
Vacancy Rate0%
Lot Size Area6259
Location
LISTING UPDATED: 05/28/2024 12:01 AM
Property Details for 229 East 30th Street
Status | Active |
---|---|
MLS # | 24-394447 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1913 |
Lot Size | 0.14 AC / 6,259 SF |
County | Los Angeles County |
Location
Building Information for 229 East 30th Street
Stories2Residences-Year Built1913Building Size-Lot Size0.14 AC / 6,259 SF
Payment Calculator
$7,353 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 229 East 30th Street
Property History for 229 East 30th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 229 East 30th Street
Taxable ValueLand$492,139Additions$492,139Total$984,278
Tax Record2023$12,924 ($1,077 / month)
Home Facts
Total Finished SqFt5,367 SqFtAbove Grade Finished SqFt5,367 SqFtLot Size6,259 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningLARD1.5CountyLOS ANGELESAPN5128-004-029
Schools near 229 East 30th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dolores Huerta Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Thomas Jefferson Senior High School Public9 to 12 | ||
Nava College Preparatory Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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