$ 7,500,000
-
$7,500,000
Price -
51
Bed -
39
Bath -
31,476
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing L2000175 - X48678
Grand View Villa Apartments is a 36-unit value-add powerhouse exempt from LA City Rent Control and subject only to AB 1482. Built in 1990, this 31,476 SF asset offers an immediate 6.16% CAP and 8.12 GRM, with a clear proforma path to an 8.5%+ CAP and 6.70 GRM. Features a desirable mix of (3) 3BR/2BA, (9) 2BR/1BA, and (24) 1BR/1BA units and it is priced approximately at 208K per unit. This building includes 64 gated parking spaces with only 25 currently assigned, offering a massive immediate revenue stream via unbundled parking. Building also features controlled access entry, elevator, central A/C, and landlord-owned laundry facility on site. High-density "workforce housing" location ensures consistent 100% occupancy demand in this location. Situated in the heart of Westlake/MacArthur Park neighborhood in a Designated Opportunity Zone, only minutes from DTLA, Koreatown, and the 101/110/10 freeways. A walk-score paradise (94) near MacArthur Park and major employment hubs. *** Property being sold by court-appointed receiver and may be subject to court confirmation and overbid hearing. Property is being sold AS-IS. **
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
26651827
Year Built
1990
Total Square Footage
31,476
Lot/Acreage
0.34
County
Los Angeles
Interior Details
- Bedrooms: 51
- Bathrooms: 39 Full
- Appliances:
- Air Cond: Central
- Heating: Central
- Fireplaces:
- Floor: Mixed,Carpet,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Shower and Tub,Elevator,Counter Top
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 64
- Zoning: LAR4
- Roof:
- Others:
- Sewer: In Street
- Parking Features: Subterranean,Gated Underground,Private Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
840 S Grand View St Los Angeles, CA 90057
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
