840 S Grand View St | Los Angeles, CA 90057
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840 S Grand View St
Los Angeles, CA 90057
Grand View Villa Apartments · Multifamily Property For Sale
·
36 Units
INVESTMENT 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
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- Family Owned and Operated for the Last 30 Years
- With leased parking, the property would operate at 9.11 Gross Rent Multiplier and a 7.25% Cap Rate
- 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
PROPERTY FACTS
| No. Units | 36 | Building Size | 31,476 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1990 |
| Building Class | B | Parking Ratio | 2.03/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | LAR4 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 31,476 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1990 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | LAR4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 - 750 |
| 2+1 | 9 | - | 900 - 1,025 |
| 3+2 | 3 | - | 1,200 - 1,350 |
PROPERTY TAXES
| Parcel Number | 5141-022-026 | Improvements Assessment | $9,000,000 |
| Land Assessment | $2,000,000 | Total Assessment | $11,000,000 |
PROPERTY TAXES
Parcel Number
5141-022-026
Land Assessment
$2,000,000
Improvements Assessment
$9,000,000
Total Assessment
$11,000,000
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