For Sale
$1,965,000

436 Grand View StLos Angeles, CA 90057

12-Unit Los Angeles Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12-unit apartment building, located at 436 S Grand View St, Los Angeles, CA 90057, presents a compelling investment opportunity. Built in 1923, this charming, classic Los Angeles design features three separate four-unit buildings, each unit offering direct access to a central courtyard. The property boasts a total of 6,336 square feet on a 6,855 square foot lot, with a permitted LAR4 zoning designation. All units face south, overlooking the Grand View Retirement Center, providing residents with a peaceful setting. Situated between MacArthur Park and 3rd Street, this property benefits from a highly desirable location, offering walkability and proximity to numerous amenities. The building is fully gated and secure, providing residents with peace of mind. Individual gas and electric meters are installed for each unit. Currently, rents are below market value, presenting a significant upside potential of approximately 33%. The property's current net operating income (NOI) is $123,565, resulting in a 6.29% capitalization rate and a gross rent multiplier (GRM) of 10.05. Street parking is available. The asking price is $1,965,000, or $163,750 per unit, and the price per square foot is $310.14. This well-maintained asset offers a strong return on investment with significant potential for future growth.

Highlights

  • Well-maintained property.
  • 1920s courtyard-style building.
  • 6.29% cap rate.
  • 10.05 GRM with 33% rental upside potential.
  • Street parking only.
  • Excellent Los Angeles location near DTLA, Koreatown, and Silver Lake.

Property Details for 436 Grand View St

Property type
Apartment buildings
Square Feet
6,336 SF
Year Built
1923
Units
12

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0618697
Longitude
-118.2758912
436 Grand View St, Los Angeles, California

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436 Grand View St
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