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840 S Grand View St
Los Angeles, CA 90057
Grand View Villa · Multifamily Property For Sale
·
36 Units
Investment Highlights
- Non-RSO Advantage: Constructed in 1990; exempt from LA City Rent Control and subject only to State AB 1482.
- Desirable Unit Mix: Includes (3) 3BR/2BA units, (9) 2BR/1BA units, and (24) 1BR/1BA units.
- Substantial Scale: 36 units totaling 31,476 SF on a 14,650 SF lot in a Designated Opportunity Zone.
- Strong Financial Metrics: Current 6.16% CAP and 8.12 GRM, with a proforma path to 8.5%+ CAP and 6.70 GRM. 208K/ Unit.
- Immediate Parking Upside: Features 64 gated parking spaces w/ only 25 currently assigned, providing immediate opportunity to capture additional income
- Key Amenities: Controlled access, gated parking, elevator, central A/C, and landlord-owned laundry facilities.
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 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter | ||
| 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 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 |
| 2+1 | 9 | - | 800 |
| 3+2 | 3 | - | 1,200 |
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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