840 S Grand View St - Apartments FOR SALE
Los Angeles, CA 90057 |
840 S Grand View St
Los Angeles, CA 90057
HIGHLIGHTS
- 1990 Construction - Not Subject to City of LA Rent Control, Only Subject to AB 1482 State Rent Control Which Allows 5% + CPI Annual Rent Increases
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- Operating at a Current 6.49% Cap Rate and 9.50 Gross Rent Multiplier
- In Close Proximity to Major Venues in the “Downtown Sports Park” for the 2028 Summer Olympics in LA - LA Coliseum, Crypto.com Arena, & BMO Stadium
- The Roof was Replaced in 2022
- Family Owned and Operated for the Last 30 Years
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Grand View Villa - 1990 Constructed
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
31476
STORIES
4
YEAR BUILT
1990
PARKING SPACES
72
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
5141-022-026
