812 S Grand View Street, Los Angeles, CA 90057

About this property

We are pleased to present 812 S. Grand View Street, an 8-unit value-add opportunity located in the MacArthur Park neighborhood of Los Angeles. Built in 1996, this non-RSO building is permitted to have rents increased by 5% plus CPI. The unit mix is made up of (1) 3bed/3bath unit, (2) 3bed/2bath units, (3) 2bed/2bath units, (2) 2bed/1bath units, and (1) 1bed/1bath unit. There are (12) parking spaces, including (1) handicap parking space, and on-site laundry machines that are owned by the Landlord. Security features include controlled access with gated entrance and parking lot. There is a covenant on the property that requires for a certain percentage of units to be rented at market rate to low-income or moderate-income tenants. Please contact the broker for additional information.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$2,010,000

Sold May 2023 · listed $2,249,000, orig. $2,480,000, on market February 2023 · MLS #23237477 · Source: CRMLS

Listing Agent: Sevak Keshishian · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Tadeh Minassian · Marcus & Millichap

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