229 E 30Th St Los Angeles, CA 90011

$725,000 Sold Price as of 01/30/2018

6 Beds
6 Baths
5,367 Sq.Ft.

Off Market

$725,000 Sold Price as of 01/30/2018 Refinance Your Mortgage

Map preview of 229 E 30Th St, Los Angeles, CA 90011

Property Overview: 229 E 30Th St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 5,367 living square feet and 6,258 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

229 E 30Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 229 E 30Th St

Last sold for $725,000 on January 30th, 2018

September, 2024
Sep 7, 2024

Date

Expired

CRMLS: 24394447

$1,085,000

Price
May 20, 2024

Date

Active

CRMLS: 24394447

$1,150,000

Price
Listing provided courtesy of CRMLS

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 $192/SF on the building, 4.50 GRM on pro-forma rents, and 11.49 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.

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January, 2018
Jan 30, 2018

Date

Sold

CRMLS: CV17248051

$725,000

Price
Jan 23, 2018

Date

Pending

CRMLS: CV17248051

$725,000

Price
Jan 23, 2018

Date

Active

CRMLS: CV17248051

$725,000

Price
Jan 16, 2018

Date

Hold

CRMLS: CV17248051

$725,000

Price
Jan 9, 2018

Date

Active

CRMLS: CV17248051

$725,000

Price
Dec 12, 2017

Date

Hold

CRMLS: CV17248051

$725,000

Price
Nov 21, 2017

Date

Price Change

CRMLS: CV17248051

$725,000

Price
Nov 1, 2017

Date

Active

CRMLS: CV17248051

$1,270,000

Price
Listing provided courtesy of CRMLS

Large Units-(2 buildings) in the heart of Los Angeles. There are 7 units (6 units per Assessor). Seller says she inherited through a series of probates in LA County, which Fidelity Title has pushed back on. She has provided Probate Court case numbers in response. This may need to await resolution or may require a different title insurer. The court documents referred to the building as 7 units in the proceedings. City and Agencies have inspected multiple times over the years, and seem to be aware of 7th unit, Requesting changes over the years to other items, which were done. Downtown, U.S.C., Manufacturing, Light Rail and transportation corridors close by. Property has been operated as a mom & pop business. Seller may elect a 1031 exchange, but will not delay buyers' close. Please do NOT enter the property NOR interact with the tenants. Sold As is. Subject to Inspection. Seller will provide limited info she has on file. Gross rents numbers appear to be very low - provided to me verbally, with some delinquent. Seller will not cooperate with Lender based conditions. Priced for quick sale. The price was drastically reduced due to lack of information available to buyers, lax management history, long term tenants/occupants. May not be ideal for inexperienced buyers. This is as-is. Rental business is as-is. I am describing this as a "pig". You are being offered a very challenging property rental business.

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January, 2018
Jan 30, 2018

Date

Sold

CRMLS: CV17234989

$725,000

Price
Jan 23, 2018

Date

Pending

CRMLS: CV17234989

$725,000

Price
Jan 23, 2018

Date

Active

CRMLS: CV17234989

$725,000

Price
Jan 16, 2018

Date

Hold

CRMLS: CV17234989

$725,000

Price
Jan 9, 2018

Date

Active

CRMLS: CV17234989

$725,000

Price
Dec 12, 2017

Date

Hold

CRMLS: CV17234989

$725,000

Price
Nov 21, 2017

Date

Price Change

CRMLS: CV17234989

$725,000

Price
Oct 31, 2017

Date

Active

CRMLS: CV17234989

$1,270,000

Price
Oct 31, 2017

Date

Hold

CRMLS: CV17234989

$1,270,000

Price
Oct 31, 2017

Date

Active

CRMLS: CV17234989

$1,270,000

Price
Listing provided courtesy of CRMLS

Large Units-(2 buildings) in the heart of Los Angeles. There are 7 units (6 units per Assessor). Seller says she inherited through a series of probates in LA County, which Fidelity Title has pushed back on. She has provided Probate Court case numbers in response. This may need to await resolution or may require a different title insurer. The court documents referred to the building as 7 units in the proceedings. City and Agencies have inspected multiple times over the years, and seem to be aware of 7th unit, Requesting changes over the years to other items, which were done. Downtown, U.S.C., Manufacturing, Light Rail and transportation corridors close by. Property has been operated as a mom & pop business. Seller may elect a 1031 exchange, but will not delay buyers' close. Please do NOT enter the property NOR interact with the tenants. Sold As is. Subject to Inspection. Seller will provide limited info she has on file. Gross rents numbers appear to be very low - provided to me verbally, with some delinquent. Seller will not cooperate with Lender based conditions. Priced for quick sale. The price was drastically reduced due to lack of information available to buyers, lax management history, long term tenants/occupants. May not be ideal for inexperienced buyers. This is as-is. Rental business is as-is. I am describing this as a "pig". You are being offered a very challenging property rental business.

Continue Reading
January, 2018
Jan 30, 2018

Date

Sold (Public Records)

Public Records

$725,000

Price

Tax History for 229 E 30Th St

Assessed Value (2020): $936,360

Year	Land Value	Improved Value	Assessed Value
2020	$468,180	$468,180	$936,360

About 229 E 30Th St

Detailed summary of property

229 E 30Th St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90011 and last sold on January 30, 2018 for $725,000. This property has 6 bedrooms, 6 bathrooms, roughly 5,367 living square feet, and sits on an approximately 6,258 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 35.27% lower than the current median priced home. 229 E 30Th St was last sold on January 30, 2018 for $725,000. Local nearby listings include 525 Venice Way, 261 W 43rd Pl and 4415 San Pedro Pl. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 229 E 30Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 229 E 30Th St

Public county record property details

Beds: 6
Baths: 6
Year built: 1913
Sq. Ft.: 5,367
Lot Size: 6,258
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 30
APN: 5128-004-029

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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