3023-3035 S Grand Ave - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$4,000,000 USD
213-222-1209
3023-3035 S Grand Ave, Los Angeles, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/9
null | 4.29% Cap Rate

3023-3035 S Grand Ave
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • 5 Ground Floor Retail Units + 13 Second Floor Apartments
  • Actual $171,696 NOI | 4.29% Cap Rate
  • 3 Blocks East of USC
  • 1-Mile South of I-10 Freeway and DTLA

OVERVIEW

Mixed use investment purchase opportunity. 2-story building. 5 ground floor retail stores and 13 second floor apartments. $171,696 actual net annual income | 4.29% actual cap rate. Heavy traffic location. Northwest corner of Grand Avenue and 31st Street. 109.25' frontage on Grand Avenue and 100' on 31st Street. Just 3 blocks east of the USC Campus. 1-mile south of the Santa Monica (I-10) Freeway and Downtown Los Angeles. 1-1/2 miles south of Crypto.com Arena and LA LIVE.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

13

PRICE/UNIT

$307,692

CAP RATE

4.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Investment Near USC

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,925 SF

ZONING

LA M1-2

APN/PARCEL ID

5122-018-014,5122-018-016

ASK ABOUT THIS PROPERTY

Ron KimMajor PropertiesMore Info
213-222-1209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ron KimMajor PropertiesMore Info
213-222-1209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.