436 Grand View StLos Angeles, CA 90057

Property Details for 436 Grand View St

Year built

1923

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

6,336 SF

Zone code

LAR4

Property type

Apartment buildings

APN

5154-033-015

APU

5154033015

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,567,370

  6.5%

  $2,369,880

  7%

  $2,200,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,409,680

  Geo Method

  $1,409,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,679,700

  Retail / Commercial

  $1,920,100

  Mixed-Use / Specialty

  $1,939,400

  Hospitality / Lodging

  $1,456,910

  Office

  $1,955,100

  Institutional / Educational

  $2,025,540

  Multifamily

  $2,697,390

  Automotive / Energy

  $1,736,170

  Parking / Income-Based Land

  $573,307

  Restaurant / Food Service

  $1,064,480

  Healthcare / Senior Housing

  $1,962,010

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0618

Longitude

-118.276

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].