436 S Grand View Street, Los Angeles, CA 90057
Property
Sold February 2025
Listing Agent: David Kaufman (DRE #01217537) · Listing Office: David Ballin Kaufman · Contact: 310-877-8600 · Bought with: David Kaufman · David Ballin Kaufman · MLS #24442513 · Source: CRMLS
About this property
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.
Listing description from the February 2025 sale, as reported to CRMLS.
Sale history