840 S Grand View Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:ERA Excel Realty
840 S Grand View Street,Los Angeles, CA 90057
$7,500,000
  • 51 Beds
  • 39 Baths
  • 31,476 sq. ft.
  • Multi-family
  • Active
Listed by: eric sackler, susan lau
Office: coldwell banker realty
MLS#:26651827
Source:CRMLS

Price summary

  • Price:$7,500,000
  • Price per sq. ft.:$238.28

About this home

Grand View Villa Apartments is a 36-unit value-add powerhouse exempt from LA City Rent Control and subject only to AB 1482. Built in 1990, this 31,476 SF asset offers an immediate 6.16% CAP and 8.12 GRM, with a clear proforma path to an 8.5%+ CAP and 6.70 GRM. Features a desirable mix of (3) 3BR/2BA, (9) 2BR/1BA, and (24) 1BR/1BA units and it is priced approximately at 208K per unit. This building includes 64 gated parking spaces with only 25 currently assigned, offering a massive immediate revenue stream via unbundled parking. Building also features controlled access entry, elevator, central A/C, and landlord-owned laundry facility on site. High-density "workforce housing" location ensures consistent 100% occupancy demand in this location. Situated in the heart of Westlake/MacArthur Park neighborhood in a Designated Opportunity Zone, only minutes from DTLA, Koreatown, and the 101/110/10 freeways. A walk-score paradise (94) near MacArthur Park and major employment hubs. ***...

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Home facts

  • Year built:1990
  • Listing ID #:26651827
  • Added:13 day(s) ago
  • Updated:March 06, 2026 at 11:42 AM

Rooms and interior

  • Bedrooms:51
  • Total bathrooms:39
  • Flooring:Carpet, Laminate
  • Kitchen Description:Dishwasher, Refrigerator, Washer
  • Living area:31,476 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace
  • Central air:Yes

Structure and exterior

  • Year built:1990
  • Building area:31,476 sq. ft.
  • Lot area:0.34 Acres
  • Architectural Style:Contemporary
  • Levels:Multi Split, Three Or More

Finances and disclosures

  • Price:$7,500,000
  • Price per sq. ft.:$238.28

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Outside, Washer
  • Amenities:Elevator, Fire Detection System, Gated Community, Resident Manager, Security Gate, Smoke Detectors

Parking

  • Total parking spaces:64
  • Parking description:Private, Underground
Based on information from California Regional Multiple Listing Service, Inc. as of March 18, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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