Map location of 1984 Park Grove Avenue, Los Angeles, CA 90007
$4,600,000
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1984 Park Grove Avenue, Los Angeles, CA 90007

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0 Beds
0 Baths
14,549 Sq Ft

CBRE Inc., as exclusive advisor to the seller, is proud to present the Lowell Apartments, a 26-unit apartment community in historic St. James Park, adjacent to USC and Downtown Los Angeles. St. James Park is an historically designated neighborhood rich with restored Victorian, craftsman and California bungalow architecture. Located within minutes of DTLA's new Figueroa Corridor, Oceanwide Plaza, Staples Center/LA Live, LA Convention Center and USC Village/Campus. The asset offers a mix of studio and 1-bedroom units, priced at a 4.30% cap on current NOI with over 33% upside. Seller has spent approximately $550k over the past 6 years on capital improvements and unit remodels including new kitchens, baths, flooring, appliances and brick accent walls. Approximately one-half of units are remodeled. RUBS in-place for recent move-ins currently offsetting 10k/yr in utility expenses with potential to recoup nearly 30k/yr as new leasing adds to the program. Seller believes potential to add up to 3 ADUs in basement, no approvals exist and Buyer to verify. Priced at approximately 175k/unit, 12.5 GRM and 6.5% cap at market. Turn-key asset with attention to detail, historically unprecedented financing available. Walk/bike to Metro Expo and Silver Line. Located within University Park HPOZ. Contact Listing Team or visit property website for Offering Memorandum.

Listing By: Adam Peterson - CB Richard Ellis, Inc. camrmls Realty.com
  • MLS# 21743916
  • Date Listed06/03/2021
  • Bedrooms 0
  • Bathrooms
  • Lot Size 0.14 acres (5,937 sq. ft)
  • County Los Angeles
  • Year Built 1912
  • Square Feet 14,549 sq. ft
  • Price Per Sq. Ft $316.17

Interior Features

  • Appliances Refrigerator, Gas Oven
  • Cooling Data Unavailable
  • Heating Data Unavailable

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.14
  • Lot Size SQFT 5,937.23
  • Lot Features -

Directions

West of Figueroa St., north of Adams Blvd.

Financial Considerations

Nearby Schools

Source: School Digger

Norwood Street Elementary School

Public • PK - 5 • Serves this home

0.56 mi

Distance

Vermont Avenue Elementary School

Public • PK - 5

1.09 mi

Distance

John W. Mack Elementary School

Public • PK - 5

1.09 mi

Distance

Magnolia Avenue Elementary School

Public • PK - 5

1.17 mi

Distance

San Pedro Street Elementary School

Public • PK - 5

1.44 mi

Distance

Maple Primary Center

Public • PK - 1

1.48 mi

Distance

Tenth Street Elementary School

Public • 1 - 5

1.65 mi

Distance

Olympic Primary Center

Public • PK - KG

1.65 mi

Distance

Leo Politi Elementary School

Public • PK - 5

1.85 mi

Distance

Twenty-eighth Street Elementary School

Public • PK - 5

1.94 mi

Distance

New Designs Charter School-watts

Public • 6 - 12 • Serves this home

0.4 mi

Distance

Alliance Gertz-ressler Richard Merkin 6-12 Complex

Public • 6 - 12

0.56 mi

Distance

William Jefferson Clinton Middle School

Public • 6 - 8

1.37 mi

Distance

John Adams Middle School

Public • 6 - 8

1.48 mi

Distance

Berendo Middle School

Public • 6 - 8

1.85 mi

Distance

Monsenor Oscar Romero Charter Middle School

Public • 6 - 8

1.85 mi

Distance

Para Los Ninos Middle School

Public • 6 - 8

2.26 mi

Distance

Equitas Academy 4

Public • 6 - 7

2.52 mi

Distance

Harold Mcalister High (opportunity) School

Public • 7 - 12

2.52 mi

Distance

Dr. Julian Nava Learning Academies - School Of Business And Technology

Public • 6 - 8

2.57 mi

Distance

Early College Academy - La Trade Tech College

Public • 9 - 12 • Serves this home

0.7 mi

Distance

Alliance Dr. Olga Mohan High School

Public • 9 - 12

0.82 mi

Distance

West Adams Preparatory High School

Public • 9 - 12

1.17 mi

Distance

Youthbuild - The Dream Academy - World Impact

Public • 10 - 13

1.17 mi

Distance

Animo Jackie Robinson High School

Public • 9 - 12

1.37 mi

Distance

Frida Kahlo High School

Public • 9 - 12

1.44 mi

Distance

Santee Education Complex High School

Public • 9 - 12

1.44 mi

Distance

The Education Corps

Public • 9 - 12

1.48 mi

Distance

University Preparatory Value High

Public • 9 - 12

1.56 mi

Distance

Usc Ednovate - South La College Preparatory

Public • 9 - 9

2.08 mi

Distance

Loyola High School Of Los Angeles

Private • 09 - 12

1.91 mi

Distance

Bishop Conaty?our Lady Of Loretto

Private • 09 - 12

2.39 mi

Distance

Oak Crest Academy - Los Angeles Campus

Private • 06 - 12

2.68 mi

Distance

Korean Education Center Online School

Private • KG - 12

2.71 mi

Distance

New Covenant Academy

Private • KG - 12

2.71 mi

Distance

Olive Tree Christian Academy

Private • KG - 12

3.1 mi

Distance

Pacific Ohana Academy

Private • 06 - 12

3.37 mi

Distance

California University Fce

Private • 09 - 12

3.49 mi

Distance

Little Citizens Westside Academy

Private • 03 - 12

3.5 mi

Distance

Los Angeles Christian Academy

Private • 01 - 12

3.57 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 90007

Source: Walkscore

84/100

Very Walkable

Walk Score ®

83/100

Excellent Transit

Transit Score ®

99/100

Biker's Paradise

Bike Score ®

Overview

Most errands can be accomplished on foot. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

45 nearby routes: 43 bus, 2 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 79/100, Transit Score: 66/100, Bike Score: 64/100.

Points of Interest near 1984 Park Grove Avenue, Los Angeles, CA 90007

Frequently Asked Questions for 1984 Park Grove Avenue

Source: Realty.com

1984 Park Grove Avenue, Los Angeles, CA 90007 is a Cluster, Residential Income property listed for $4,600,000 The property is 14549 sq. ft with 0 bedrooms and 0 bathrooms

Realty.com has 16 photos of 1984 Park Grove Avenue.

Our records indicate that 1984 Park Grove Avenue was built in 1912.

The full address for this home is 1984 Park Grove Avenue, Los Angeles, CA 90007.

1984 Park Grove Avenue has been listed on Realty.com since Thu June 03, 2021

Most errands can be accomplished on foot. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 79/100, Transit Score: 66/100, Bike Score: 64/100.

There are 3 schools assigned to this home. Check out the schools near 1984 Park Grove Avenue. Norwood Street Elementary School (Grades: PK - 5), New Designs Charter School-watts (Grades: 6 - 12), Early College Academy - La Trade Tech College (Grades: 9 - 12)

Listing provided courtesy of: Cb Richard Ellis, Inc. (tel: 310-550-2500)
Listing agent: Adam Peterson (tel: 310-954-7031) (#CLW-X86252)

This content last refreshed on 2025-12-10 06:22:54. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1984 Park Grove Avenue, Los Angeles, CA 90007 : MLS# 21743916

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