M
Seller's Agent in 2018
Michelle Lowe
MICHELLE LOWE REAL ESTATE
229 E 30th St Los Angeles, CA 90011
Historic South Central Neighborhood
3
Beds
2
Baths
5,367
Sq Ft
6,259
Sq Ft Lot Lot
About This Home
As of January 2018Large 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.
Last Agent to Sell the Property
Michelle Lowe
MICHELLE LOWE REAL ESTATE License #00993495 Listed on: 10/30/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 6,259 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- 5,367 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Property is near public transit
- Urban Location
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 30
- Assessor Parcel Number 5128004029
Community Details
Overview
- 2 Buildings
- 7 Units
Building Details
- Rent Control
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2018 01/30/18 | Sold | $725,000 | 0.0% | $135 / Sq Ft |
| 01/23/2018 01/23/18 | For Sale | $725,000 | 0.0% | $135 / Sq Ft |
| 01/22/2018 01/22/18 | Pending | -- | -- | -- |
| 01/16/2018 01/16/18 | Off Market | $725,000 | -- | -- |
| 01/09/2018 01/09/18 | For Sale | $725,000 | 0.0% | $135 / Sq Ft |
| 12/12/2017 12/12/17 | Off Market | $725,000 | -- | -- |
| 11/21/2017 11/21/17 | Price Changed | $725,000 | -42.9% | $135 / Sq Ft |
| 10/31/2017 10/31/17 | For Sale | $1,270,000 | +75.2% | $237 / Sq Ft |
| 10/30/2017 10/30/17 | Off Market | $725,000 | -- | -- |
| 10/30/2017 10/30/17 | For Sale | $1,270,000 | -- | $237 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,163 | $1,024,040 | $512,020 | $512,020 |
| 2024 | $13,163 | $1,003,962 | $501,981 | $501,981 |
| 2023 | $12,924 | $984,278 | $492,139 | $492,139 |
| 2022 | $12,356 | $964,980 | $482,490 | $482,490 |
| 2021 | $12,186 | $946,060 | $473,030 | $473,030 |
| 2019 | $11,853 | $918,000 | $459,000 | $459,000 |
| 2018 | $3,387 | $200,681 | $84,396 | $116,285 |
| 2016 | $3,156 | $192,890 | $81,120 | $111,770 |
| 2015 | $3,122 | $189,994 | $79,902 | $110,092 |
| 2014 | $3,172 | $186,273 | $78,337 | $107,936 |
Source: Public Records
Agents Affiliated with this Home
-
-
Juan Michael
Buyer's Agent in 2018
Juan Michael
Forward Real Estate
(323) 873-6550
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV17234989
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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