$445k PRICE REDUCTION 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 $175,000, and 4 units are currently vacant (2 of 4 are move-in-ready) for Buyer to hand-pick their own tenants. In-place GRM of 9.41 with the upside to a 6.45 GRM, and an in-place cap rate of 6.84% with the upside to a 10.95% 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, in addition to 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!
Property Details
Property Features
Property Information:
Year Built: 1912
Stories: 3
Living Area: 14,549 SqFt
Listing Office:
Office Name: Avenue Realty Group
Office Phone: (310) 310-8624
Listing Agent: Jonathan Rawson
Interior Features
Interior Information:
Appliances: Dryer, Washer
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 9
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
West Adams Preparatory High School, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
John Adams Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Norwood Street Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: South of Washington, North of Adams, East of Hoover, West of 110 Fwy
Price Information
Listing Price Info
Price Summary:
List Price: $4,550,000
Price Per SqFt: $313/SqFt
Tax Information:
Annual Amount: $32,016
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.5M more than the Median Sold Price and $315/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24350759
Listing Office:
Office Name: Avenue Realty Group
Office Phone: (310) 310-8624
Listing Agent: Jonathan Rawson
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 2:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 25, 2014
Mar 25, 2014Home Sold
$1,715,000
Jun 23, 1999
Jun 23, 1999Home Sold
$340,000
Sep 27, 1996
Sep 27, 1996Home Sold
$298,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$32,016
$2,567,094
2020
$31,088
$2,533,052
2019
$30,996
$2,483,385
2018
$30,300
$2,434,692
2017
$30,300
$2,386,954
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Norwood Street Elementary School
2020 Oak St
Distance between this listing and this school0.08 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.21 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school22.12 miles
Public Magnet Grades KG-5
Middle School
6
/10
John Adams Middle School
151 W 30th St
Distance between this listing and this school0.88 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.40 miles
Public District Grades 6-8
High School
2
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.79 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school3.76 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school16.81 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Norwood Street Elementary School
2020 Oak St
Distance between this listing and this school0.08 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.21 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school22.12 miles
Public Magnet Grades KG-5
Assigned Schools
6
/10
John Adams Middle School
151 W 30th St
Distance between this listing and this school0.88 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.40 miles
Public District Grades 6-8
Nearby Schools
4
/10
Downtown Value
950 W Washington Blvd
Distance between this listing and this school0.25 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.79 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school3.76 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school16.81 miles
The neighbors living near this home have an average income of $25,000. The majority of Los Angeles, CA residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1984 Park Grove Ave
What is the listing price of this property?
The listing price of 1984 Park Grove Ave property is $4,550,000.
What type of property is this?
The property 1984 Park Grove Ave is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1984 Park Grove Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1984 Park Grove Ave are: Norwood Street Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10John Adams Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10West Adams Preparatory High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $32,016 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 25, 2014 for $1,715,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1984 Park Grove Ave has 9 bedrooms and 26 bathrooms.
What is the square footage of this property?
The property 1984 Park Grove Ave is 14,549 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1984 Park Grove Ave is 1912.
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This home is located at 1984 Park Grove Ave in Los Angeles, CA and zip code 90007 in the University Park neighborhood. This 14,549 square foot home, which was built in 1912, sits on a 0.14 acre lot. Features: 9 bedrooms, 26 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $4,550,000.
Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In March 2024 median list price was $975,970 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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