229 E 30th Street Los Angeles, CA 90011
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID Number24394447
- Home Size Source Other
- Year Built1913
- Lot Size0.1437 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Driveway
- Parking Spaces 4
- Number of Stories 22
- Acreage 0.1437
- Zoning LARD1.5
- Listing Conditions Standard
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.