1984 Park Grove Avenue
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 5,941 sqft lot
- 1912 build
- – on site
More homes
TWO WEEK CALL FOR OFFERS! LARGE PRICE ADJUSTMENT WITH NEW & IMPROVED METRICS! BRING ALL OFFERS! 26 units located in the heart of the USC Patrol Zone, which has campus security patrolling the neighborhood 24/7/365. Any students living in the USC Patrol Zone get free Uber's! Great price per door of $153K. In-place GRM of 8.22 with the upside to a 5.67 GRM, and an in-place cap rate of 8.02% with the upside to a 12.62% cap rate. Tenants can enjoy being 1 mile away from USC & Exposition Park and all of the attractions nearby like the new $1B George Lucas Museum, etc. Units are well sized with detached kitchens/bathrooms, with some having beautifully exposed brick and unrestricted views of the DTLA skyline. Majority of the units are on RUBS for utility reimbursements to help lower operating costs. There's a fire sprinkler system for all units and all hallways + common areas that was recently serviced, along with a fire alarm system, 24/7 security camera system and a burglar alarm system for secured entry & tenant safety. The electrical system has been updated and done with permits, in addition to extensive plumbing repairs, upgrades and re-piping. Exterior and common area improvements include new paint, window replacements, common area hallway flooring + stairs replacement, new washer & dryer machines (leased with WASH), water heaters, etc. ADU conversion potential on the bottom floor to convert 3 large vacant storage & office spaces into 3 ADU's/units (no in-place permits or RTI's), which would take the unit count to 29 and add substantial monthly/annual income. All 3 have plumbing & electrical in-place and ready to be converted!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jan 17, 2025
•
MLS# 24350759 —
The Building
-
Year Built:1912
-
New Construction:No
-
Building Area Total:14549.00
-
Total Number Of Units:26
-
# of Buildings:1
-
Stories Total:3
Interior
-
Levels:Multi/Split
-
Fireplace:No
-
Fireplace:None
-
Laundry:Washer Included, Dryer Included, Community
-
Laundry:1
Location
-
Directions:South of Washington, North of Adams, East of Hoover, West of 110 Fwy
-
Latitude:34.03400500
-
Longitude:-118.27732200
The Property
-
Property Type:Residential Income
-
Zoning:LARD1.5
-
Lot Size Area:5941.0000
-
Lot Size Dimensions:44x130
-
Lot Size Acres:0.1364
-
Lot Size SqFt:5941.00
-
Security Features:Fire Sprinkler System, Fire and Smoke Detection System, 24 Hour Security, Smoke Detector(s), Carbon Monoxide Detector(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5124018009
Heating & Cooling
-
Heating:1
-
Heating:Wall Furnace
Appliances
-
Included:Yes
The Community
-
Association:No
-
Senior Community:No
-
Assessments:No
Parking
-
Parking:No
-
Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/29/24
Aug 29, 2024
|
Sold | CRMLS_CA | $4,040,000 | 1.0% |
|
6/7/24
Jun 7, 2024
|
Pending | CRMLS_CA | $4,000,000 | |
|
5/10/24
May 10, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $4,000,000 |
