436 S Grand View St | Los Angeles, CA 90057
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436 S Grand View St
Los Angeles, CA 90057
Residential Property For Sale · 12 Units
Investment Highlights
- 1920’s Courtyard Style Build
- GRM = 10.05 – 33% Rental Upside
- Cap Rate = 6.29%
- Excellent Los Angeles Location – Proximate to DTLA, Koreatown, Silverlake, and more.
Executive Summary
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 7.33% and current GRM is 8.82.
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 7.33% and current GRM is 8.82.
PROPERTY FACTS Under Contract
| Price Per Unit | £112,477 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 7.34% | Lot Size | 0.16 AC |
| Sale Conditions | Design & Build | Building Size | 6,336 SF |
| Gross Rent Multiplier | 8.82 | Average Occupancy | 100% |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price Per Unit | £112,477 |
| Sale Type | Investment |
| Net Initial Yield | 7.34% |
| Sale Conditions | Design & Build |
| Gross Rent Multiplier | 8.82 |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,336 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 528 |
PROPERTY TAXES
| Parcel Number | 5154-033-015 | Improvements Assessment | £377,853 |
| Land Assessment | £755,707 | Total Assessment | £1,133,560 |
PROPERTY TAXES
Parcel Number
5154-033-015
Land Assessment
£755,707
Improvements Assessment
£377,853
Total Assessment
£1,133,560
zoning
| Zoning Code | R4 |
| R4 |
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