840 S Grand View St - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$10,300,000 USD
310-951-6566
840 S Grand View St, Los Angeles, CA for Sale
$10,300,000 USD
Apartments - FOR SALE
1/11
null | 6.29% Cap Rate

840 S Grand View St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • 1990 Construction - Not Subject to City of LA Rent Control, Only Subject to AB 1482 State Rent Control: Allows 5% + CPI Annual Rent Increases
  • With leased parking, the property would operate at 10.29 Gross Rent Multiplier and a 6.29% Cap Rate
  • Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
  • 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
  • Family Owned and Operated for the Last 30 Years

OVERVIEW

Jonathan Prakash of Equity Union Commercial is pleased to present to Grand View Villa Apartments located at 840 S Grand View Street. This 1990 constructed building is currently operating with new parking in place at 10.29 GRM and 6.29% CAP. Further, the subject property is a non-RSO structure permitting the annual rental increases to be 5% plus CPI (Buyer to Verify). Upgrades and Amenities include over 50% Rehabbed Units, Central Air Conditioning, Secured Entry, Landlord Owned Washers and Dryers, Elevator, approximately 62 Sub-terranean Parking Spaces (roughly 35% are leased), New Roof in 2022, and Remodeled Common Areas with Tile Flooring.

FOR SALE DETAILS

PRICE

$10,300,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

36

PRICE/UNIT

$286,111

CAP RATE

6.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand View Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1990

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

LAR4

APN/PARCEL ID

5141-022-026

ASK ABOUT THIS PROPERTY

Jonathan PrakashEquity Union CommercialMore Info
310-951-6566

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Jonathan PrakashEquity Union CommercialMore Info
310-951-6566

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