Address Withheld By Seller, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
Address Withheld By Seller,Los Angeles, CA 90006
$1,475,000
- 12 Beds
- 12 Baths
- 8,276 sq. ft.
- Multi-family
- Pending
Listed by: jerome mcalpin
Office: mcalpin & company310-437-4172
MLS#:26999237
Source:CRMLS
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Price summary
- Price:$1,475,000
- Price per sq. ft.:$178.23
About this home
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 and 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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Home facts
- Year built:1941
- Listing ID #:26999237
- Added:29 day(s) ago
- Updated:November 09, 2026 at 08:42 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:12
- Kitchen Description:Refrigerator
- Living area:8,276 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1941
- Building area:8,276 sq. ft.
- Lot area:0.35 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,475,000
- Price per sq. ft.:$178.23
Parking
- Total parking spaces:12
- Parking description:Garage
- Garage:Yes
- Garage spaces:12
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