229 East 30th Street Los Angeles, CA ^$ 1,150,000

229 East 30th Street

^$ 1,150,000

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229 East 30th Street

Los Angeles, CA, 90011

^$ 1,150,000

Studio Baths0.0 Sq 5,647

Monthly Estimate*

^$ 7,643

229 East 30th Street, Los Angeles, CA 90011 - Image 1

229 East 30th Street, Los Angeles, CA 90011 - Image 2

229 East 30th Street, Los Angeles, CA 90011 - Image 3

229 East 30th Street, Los Angeles, CA 90011 - Image 4

229 East 30th Street, Los Angeles, CA 90011 - Image 5

229 East 30th Street, Los Angeles, CA 90011 - Image 6

229 East 30th Street, Los Angeles, CA 90011 - Image 7

229 East 30th Street, Los Angeles, CA 90011 - Image 8

229 East 30th Street, Los Angeles, CA 90011 - Image 9

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,150,000. This 5,647 square foot home was built in 1913 on a lot size of 0.14.

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.

Multi-Family Active

Price

^$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.14

Year Built

1913

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024394447

Features

General

Zoning LARD1.5

Year Built 1913

Levels Two

County Los Angeles

Net Operating Income 46226.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 6259.0

Street Name 30th

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Driveway

Lot Size Area 6259.0

Building Area Total 5647.0

Lot Size Acres 0.14

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Casey Lins

Listing Agent

Kidder Mathews Of California, Inc.

Broker

Affordability Calculator

$7,643

Per Month

Monthly Principal & Interest: $7,643
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,994,730

Percent of Sale Price 73%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/20/2024	$1,150,000		Listed Price

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229 East 30th Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $1,150,000 with 5,647 sqft and a lot size of 0.14. 229 East 30th Street is a studio with 0.0 baths and was built in 1913. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/28/2024. 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. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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229 East 30th Street

Multi-Family Home for sale in Los Angeles, CA

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