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436 S Grand View St Los Angeles, CA 90057
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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,336 sqft
Price per Sqft $260
MLS Listing ID 24-442513
Sold Date 02/07/25
Bedrooms 12
Year Built 1923
Lot Size 6,857 Sqft
Acres 0.1574
Property Sub-Type Multi-Family
Property Description
This 12-unit apartment building is comprised of three (3) 4-unit buildings, totaling 12 units. This 1920's style building, a charming and classic Los Angeles design, is a unique asset. Each unit has direct access to the outside courtyard. The units all face south, overlooking the Grand View Retirement Center. With MacArthur Park to the South and 3rd Street to the North, this multi-family property has a desirable Los Angeles location with walkability and endless amenities in proximity. This well-maintained asset is fully gated and secure, with street parking only, and is separately metered for gas and electric. Rents are currently below market, with excellent 33% upside. The current Cap Rate is 5.92% and current GRM is 10.57.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Range/Oven, Refrigerator
Laundry None
Exterior
Parking Features None
Building
Lot Description Fenced
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with David Ballin Kaufman