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924 S Grand View St

Los Angeles, CA 90006
  • $2,500,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 22-143323
UPDATED: 31 min ago
$2,500,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,276
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

School District:

Description

COVERED LAND PLAY / DEVELOPMENT POTENTIAL NEAR CONVENTION CENTER & MAC ARTHUR PARK! 2 large lots of over 15,000 SF with 2 APNs in Pico-Union. LAR4 Tier 3 TOC zoning = potential to build up to 63 units using the TOC incentive. 94 Walk Score! This is an excellent "value-add" opportunity and covered land play in an improving location bordering Koreatown. 75% UPSIDE IN RENTS! Currently 12 charming, garden style units built in 1941, all 1 bedrooms that avg. 690 SF each. The property is professionally managed, well manicured and fully gated with secure entry. Rear alley with 12 garage parking spaces (some rented). The property passed SCEP in 2021 and is 100% occupied. *Must Be Sold Together with 945 S. Park View, LA 90006 which is 6 units around the corner* Contact listing agent for a full marketing package.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T08:42:42.763. 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/127381477
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924 S Grand View St Los Angeles, CA 90006

  • Price: $2,500,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 31 min ago
  • MLS #: 22-143323
12
Beds
0
Baths
0
½ Baths
0.17
Acres
8,276
SQFT
$302
$/SQFT
1941
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
School District:
Los Angeles Unified
Property Description
COVERED LAND PLAY / DEVELOPMENT POTENTIAL NEAR CONVENTION CENTER & MAC ARTHUR PARK! 2 large lots of over 15,000 SF with 2 APNs in Pico-Union. LAR4 Tier 3 TOC zoning = potential to build up to 63 units using the TOC incentive. 94 Walk Score! This is an excellent "value-add" opportunity and covered land play in an improving location bordering Koreatown. 75% UPSIDE IN RENTS! Currently 12 charming, garden style units built in 1941, all 1 bedrooms that avg. 690 SF each. The property is professionally managed, well manicured and fully gated with secure entry. Rear alley with 12 garage parking spaces (some rented). The property passed SCEP in 2021 and is 100% occupied. *Must Be Sold Together with 945 S. Park View, LA 90006 which is 6 units around the corner* Contact listing agent for a full marketing package.
Exterior Features

Garage Structures Total 6 Levels Two Lot Description Value In LandAlley PavedFenced Lot Size Area 15028 Other Structures None Parking Garage Garage Is Detached Patio Features None Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style Bungalow Tennis Court None Tennis YN No Total Parking 12 View Description None View YN No Water Frontage None

Interior Features

Baths Total 12.00 Common Walls Attached Cooking Appliances Oven-Gas Cooling Wall/Window Equipment None Flooring LaminateLinoleumMixed Foundation Details Raised Heating Wall Laundry None Water Heater Features Gas

Property Features

Alley YN Yes Disability Access None Gross Income 145176 Gross Operating Income 145176 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 82982.00 Number Of Buildings 2 Number Of Units 12 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke DetectorGated Source Living Area Other Source Lot Size Area Other Tenant Pays GasElectricity Total Annual Expense 62194 Type Of Units Multifamily Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Dana Coronado DRE#01746702 of Equity Union.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T08:42:42.763. 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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