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    827 S Grand View St

    Los Angeles, CA 90057
    • $4,490,000
    • STATUS: Active
    • ON SITE: 77 days
    • MLS #: 21-693804
    UPDATED: 74 min ago
    $4,490,000
    • 4
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 48,200
      SQFT
    • $93
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2021
    County:

    School Ratings & Info

    Description

    OPPORTUNITY ZONE 821-827 South Grand View**Rare double lot assemblage in the booming Westlake area of Los Angeles, just south of McArthur Park, West of DTLA. 100' of frontage on Grand View str. Currently RTI READY, for PROPOSED 60 apartment units. (7 Units Affordable). WALK SCORE 96! One level subterranean parking with 33 spaces, designed with additional height to allow for 'Independent Mechanical Parking' system, giving developers the option to add parking spaces if so desired. Sales package includes the Land, full RTI plans stamped and approved, ready for Buyer to pay and pull building permits, Mechanical, Electrical and Plumbing plans ready and already submitted to the City of LA and included in the purchase price of $75,000/buildable door. All rents are PROJECTED and NOT ACTUAL. Buyer to confirm and verify all details, information and numbers independently. Seller/Agent not liable for any information contained herein.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-05T22:42:31.21. 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.
    www.markwiseproperties.com/homes/114275601
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    827 S Grand View St Los Angeles, CA 90057

    • Price: $4,490,000
    • Status: Active
    • Updated: 74 min ago
    • MLS #: 21-693804
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    48,200
    SQFT
    $93
    $/SQFT
    2021
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    OPPORTUNITY ZONE 821-827 South Grand View**Rare double lot assemblage in the booming Westlake area of Los Angeles, just south of McArthur Park, West of DTLA. 100' of frontage on Grand View str. Currently RTI READY, for PROPOSED 60 apartment units. (7 Units Affordable). WALK SCORE 96! One level subterranean parking with 33 spaces, designed with additional height to allow for 'Independent Mechanical Parking' system, giving developers the option to add parking spaces if so desired. Sales package includes the Land, full RTI plans stamped and approved, ready for Buyer to pay and pull building permits, Mechanical, Electrical and Plumbing plans ready and already submitted to the City of LA and included in the purchase price of $75,000/buildable door. All rents are PROJECTED and NOT ACTUAL. Buyer to confirm and verify all details, information and numbers independently. Seller/Agent not liable for any information contained herein.
    Exterior Features

    Lot Size Area 15000 Other Structures None Parking Garage None Pool Description None Pool YN No Total Parking 32

    Interior Features

    Baths Total 4.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 780300 Gross Income 120735 Gross Operating Income 1448820 Like Units1 60 Net Operating Income 1025900.00 Number Of Buildings 1 Number Of Units 60 Sale Type Standard Source Living Area Developer Source Lot Size Area Developer Source Lot Size Dimensions Developer Total Annual Expense 391000 Type Of Units Apartments Year Built Source Builder Zoning Lar4-Toc Tier 3

    Listing provided courtesy of Tannaz Kamran-Rahbar DRE#00951232 of Real Estate Source, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-05T22:42:31.21. 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.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270