Address available on request
Property Overview
Situated in the highly desirable Pico-Union submarket of Central Los Angeles, these multi-family assets at 924-930 S Grand View Street present a compelling investment opportunity characterized by strong urban infill fundamentals and enduring rental demand. Built in 1941, the properties feature classic architectural character across two well utilized parcels totaling 15,033-square-feet, offering approximately 8,276 gross square feet of residential space. Its strategic location just minutes from Downtown Los Angeles and Koreatown ensures exceptional proximity to major employment hubs, transit corridors, and neighborhood retail amenities, driving consistent tenant pool depth and low historical vacancy. Furthermore, the property's LAR4 zoning designation provides robust underlying land value and future redevelopment potential, making it an ideal acquisition for investors seeking a combination of stable near-term rental cashflow and long-term appreciation in a high-demand submarket. Currently the 2 six-unit buildings are producing $13,559 per month, with, at least, 50% upside upon turnover. The buildings contain 12-1 bedroom units, averaging almost 700sf each. Listed at a 6.1% CAP Rate, a 8.94 GRM and $122,917 CPU, this deal checks all of the boxes. These two buildings are on separate lots with their own APN's.
Home Details
- Property type
- Residential Income
- Year built
- 1941
- Living area
- 8,276 sq ft
- Lot size
- 15,033 sq ft
- Parking
- 12 spaces
- Garage
- 12 spaces
- Stories
- 2
- Days on market
- 2
- MLS status
- Active
- Zoning
- LAR4
Features & Amenities
Appliances
- Refrigerator
Parking
- Garage
Community, Schools & Utilities
Community
- View
- None
Utilities
- Heating
- Combination
- Cooling
- None
Location & Neighborhood
Frequently Asked Questions About Address available on request
Property type: Residential Income
What clients say
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