$7,500,000
840 S Grand View ST
Los Angeles, CA, 90057
Property Description
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. *** Property being sold by court-appointed receiver and may be subject to court confirmation and overbid hearing. Property is being sold AS-IS. **
Property Details
Price:
$7,500,000
MLS #:
26651827
Status:
Active
Beds:
51
Baths:
39
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Mar 5, 2026
Finished Sq Ft:
31,476
Total Sq Ft:
31,476
Lot Size:
14,655 sqft / 0.34 acres (approx)
Year Built:
1990
Schools
Interior
Appliances
DW, GD, RF
Cooling
CA
Flooring
LAM, CARP
Heating
CF
Interior Features
EV
Laundry Features
CM, OUT, DINC, WINC
Levels
C, S
Exterior
Architectural Style
CNT
Parking Spots
64
Parking Total
64
Security Features
SD, AG, FSDS, GC, MGR
Spa Features
NO
View
CI
Financial
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 840 S Grand View ST
Los Angeles, CA
