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Residentialincome

Los Angeles, CA 90006
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Bed 12

Bed

Bath 12

Bath

SqFt8,276

Sqft

SqFt15,033

Sqft(Lot)

Situated in the highly desirable Pico-Union submarket of Central Los Angeles, these multi-family assets at 924-930 S Grand View Street present a compelling investment opportunity characterized by strong urban infill fundamentals and enduring rental demand. Built in 1941, the properties feature classic architectural character across two well utilized parcels totaling 15,033-square-feet, offering approximately 8,276 gross square feet of residential space. Its strategic location just minutes from Downtown Los Angeles and Koreatown ensures exceptional proximity to major employment hubs, transit corridors, and neighborhood retail amenities, driving consistent tenant pool depth and low historical vacancy. Furthermore, the property's LAR4 zoning designation provides robust underlying land value a nd future redevelopment potential, making it an ideal acquisition for investors seeking a combination of stable near-term rental cashflow and long-term appreciation in a high-demand submarket. Currently the 2 six-unit buildings are producing $13,559 per month, with, at least, 50% upside upon turnover. The buildings contain 12-1 bedroom units, averaging almost 700sf each. Listed at a 6.1% CAP Rate, a 8.94 GRM and $122,917 CPU, this deal checks all of the boxes. These two buildings are on separate lots with their own APN's.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,475,000

AD Id : 91789664

MLS Id : 26999237

Beds : 12

Lot Size : 15,033 Sq. Ft

Living Area Size : 8,276 Sq. Ft

Year Built : 1941

Garage : 12

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 12
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Combination Cooling: None

  • Building Information

    Year Built: 1941
    Building Area Total: 8276
    Stories: 2
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 15033 Lot Size Acres: 0.3451 Lot Size Source: Assessor Lot Size Square Feet: 15,033

  • Listing Price Information

    Listing Price: $1475000
    Cash, Conventional

  • Tax Information

    Parcel Number: 5136005021

  • Parking Information

    Parking Total: 12 Garage

    Garage Information

    Has Garage: Yes Garage Space: 12

  • Location Information

    Direction: North of Olympic and East of Hoover
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1016 S Westlake Avenue, Los Angeles, CA, 90006 $1,699,999 16 8 5,492 7,503 Sq. Ft
1037 S Bonnie Brae, Los Angeles, CA, 90006 $1,375,000 4 2 -- 7,498 Sq. Ft
1867 W 11th, Los Angeles, CA, 90006 $1,625,000 11 8 -- 6,127 Sq. Ft
1835 W 12th, Los Angeles, CA, 90006 $830,000 4 4 -- 6,251 Sq. Ft
1230 S Bonnie Brae, Los Angeles, CA, 90006 $1,049,000 13 -- 5,426 5,627 Sq. Ft
2006 12th #3, Los Angeles, CA, 90006 $800,000 4 3 -- 6,083 Sq. Ft
972 S Hoover, Los Angeles, CA, 90006 $950,000 6 4 -- 3,208 Sq. Ft
1250 & 1252 S Lake Street, Los Angeles, CA, 90006 $1,500,000 4 5 12,960 17,205 Sq. Ft
1409 Courtland Avenue, Los Angeles, CA, 90006 $1,150,000 8 4 -- 6,840 Sq. Ft
1329 S Hoover Street, Los Angeles, CA, 90006 $2,900,000 4 3 4,752 13,500 Sq. Ft

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ByOwner last updated this listing 10/11/2026 @ 01:42

MLS: 26999237 LISTED BY: Jerome McAlpin, McAlpin & Company 310-437-4172 SOURCE: CRMLS

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