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

Residential income properties

Property subtype

Other 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%

  $2,317,372

  6.5%

  $2,139,113

  7%

  $1,986,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,867,523

  Geo Method

  $1,867,523

• Alternative Use

  Use

  Valuation

  Residential

  $2,139,113

  Hospitality

  $1,959,416

  Educational

  $1,630,211

  Medical

  $1,686,277

  Retail

  $2,535,884

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

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