840 S Grand View Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
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 realty310-820-6651
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:60 day(s) ago
  • Updated:May 03, 2026 at 10:43 AM

Rooms and interior

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

Heating and cooling

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

Structure and exterior

  • Year built:1990
  • Building area:31,476 sq. ft.
  • Lot area:0.34 Acres
  • Architectural Style:Contemporary

Finances and disclosures

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

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Washer
  • Laundry features:Dryer, Outside, Washer
  • Amenities:Elevator

Parking

  • Total parking spaces:64
  • Parking description:Private, Underground
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