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Mixed-Use Investment Near USC 3023-3035 S Grand Ave 13 Unit Apartment Building $4,000,000 ($307,692/Unit) 4.29% Cap Rate Los Angeles, CA 90007

Apartment Buildings California Los Angeles 3023-3035 S Grand Ave, Los Angeles, CA 90007

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

ATTACHMENTS

3023-3035 S Grand Ave OM

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $249,248 $16.94
Other Income - -
Vacancy Loss - -
Effective Gross Income $249,248 $16.94
Taxes $50,000 $3.40
Operating Expenses $27,552 $1.87
Total Expenses $77,552 $5.27
Net Operating Income $171,696 $11.67

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $249,248
Annual Per SF $16.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $249,248
Annual Per SF $16.94
Taxes
Annual $50,000
Annual Per SF $3.40
Operating Expenses
Annual $27,552
Annual Per SF $1.87
Total Expenses
Annual $77,552
Annual Per SF $5.27
Net Operating Income
Annual $171,696
Annual Per SF $11.67

PROPERTY FACTS

Price $4,000,000 Building Class C
Price Per Unit $307,692 Lot Size 0.25 AC
Sale Type Investment Building Size 14,711 SF
Cap Rate 4.29% Average Occupancy 100%
No. Units 13 No. Stories 2
Property Type Multifamily Year Built 1922
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Parking Ratio 1.27/1,000 SF
Apartment Style Low-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning LA M1-2
Price $4,000,000
Price Per Unit $307,692
Sale Type Investment
Cap Rate 4.29%
No. Units 13
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.25 AC
Building Size 14,711 SF
Average Occupancy 100%
No. Stories 2
Year Built 1922
Parking Ratio 1.27/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning LA M1-2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Smoke Free
  • Smoke Detector

LINKS

1 1
3023-3035 S Grand Ave, Los Angeles, CA - AERIAL map view - Image1
3023-3035 S Grand Ave, Los Angeles, CA - AERIAL map view - Image2
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5122-018-014
  • 5122-018-016
 Total Assessment $2,865,260 (2025)
Land Assessment $1,061,208 (2025) Annual Taxes $50,000 ($3.40/SF)
Improvements Assessment $1,804,052 (2025) Tax Year 2024

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5122-018-014
  • 5122-018-016
Land Assessment
$1,061,208 (2025)
Improvements Assessment
$1,804,052 (2025)
Total Assessment
$2,865,260 (2025)
Annual Taxes
$50,000 ($3.40/SF)
Tax Year
2024
(213) 222-1209

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 38506566

  • Date on Market: 11/19/2025

  • Last Updated:

  • Address: 3023-3035 S Grand Ave, Los Angeles, CA 90007

More public record information on 3023-3035 S Grand Ave, Los Angeles, CA 90007

The West Adams Multifamily Property at 3023-3035 S Grand Ave, Los Angeles, CA 90007 is currently available. Contact Major Properties for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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3023-3035 S Grand Ave
3023-3035 S Grand Ave, Los Angeles, CA for sale Building Photo- Image 5 of 10
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3023-3035 S Grand Ave, Los Angeles, CA for sale Interior Photo- Image 6 of 10
3023-3035 S Grand Ave
3023-3035 S Grand Ave, Los Angeles, CA for sale Interior Photo- Image 7 of 10
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3023-3035 S Grand Ave
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Mixed-Use Investment Near USC | 3023-3035 S Grand Ave
(213) 222-1209 x

Mixed-Use Investment Near USC | 3023-3035 S Grand Ave

Ron Kim
(213) 222-1209

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