436 S Grand View Street

Los Angeles, CA 90057

PRICE REDUCED

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-$100,000 (-4.84%)

$1,965,000

List Price

12

bed Beds

12

shower Baths

6,336 sqft

straighten / sqft

1923

calendar_month Built

Property Description

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 Information

List Price $1,965,000
Status Active
MLS 24442513
Type Residential Income
Year Built 1923
Lot Size 6,857
Structure Size 6,336
DOM 27
Courtesy Of David Ballin Kaufman
Listing Agent David Kaufman DRE#01217537

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 12
Total Bathroom
Bathrooms 12
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: David Kaufman, David Ballin Kaufman 818-464-3212. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 28th, 2024 at 8:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.