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1043 Grand Ave

9 Unit Block of Flats £3,912,250 (£434,694/Unit) Los Angeles, CA 90015

Investment Highlights

  • Rare Opportunity to Purchase a Leased Investment in this Vibrant South Park Location
  • 9 Single Room Live/Work Units Fully Leased
  • No Vacancies Due to Location, Ambiance & Security
  • Walking Distance to Staples Center, Microsoft Theater, Top Restaurants & Hotels
  • Future Upside in Developing the Property up to 3 Stories Possible
  • Great Leased Investment in South Park

Executive Summary

Buyer should verify with reputable consultants all aspects of this brochure and the property including office size, building & land size, if the building size includes any interior dock areas and mezzanine areas, type and age of building, structural condition of the building, ceiling clearance, power, sprinkler calculation, zoning, permitted uses within the building, parking count, any building measurements, number and type of loading doors, if any existing HVAC units work and their life expectancy, sprinkler capacity, roof condition, any city potential incentive areas, any unpermitted improvements, if any existing elevators work, floor loads for every floor and if the floor load is adequate for Buyer’s product weight and product types and use, etc. Buyer should also hire experts including but not limited to (Architect, Structural Engineer, Surveyor, Contractor, Sprinkler/Racking Consultant, Environmental Consultant) to verify the condition of the above items in this disclosure and all aspects of the property and confirm with the appropriate Governmental Agency that the property zoning and building use (Certificate of Occupancy) and all aspects of the improvements including any office areas are acceptable to Buyer in order for Buyer to occupy all areas of the building legally. Lee & Associates-Commerce Inc. strongly recommends that the above items be completed prior to waiver of any contingencies for a purchase. Broker also advises Buyer to obtain any required use permits and business licenses prior to waiver of buyer contingencies and have their Attorney review any Purchase Contract prior to execution.

Property Facts

Price £3,912,250
Price Per Unit £434,694
Sale Type Investment
No. Units 9
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 9,500 SF
Number of Floors 2
Year Built 1928

Unit Amenities

  • Air Conditioning
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5139-008-003
Land Assessment
£910,578
Improvements Assessment
£22,806
Total Assessment
£933,384

zoning

Zoning Code R5-LA (Multifamily)
R5-LA (Multifamily)
  • Listing ID: 33809677

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: 1043 Grand Ave, Los Angeles, CA 90015

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