840 S Grand View St, Los Angeles, CA 90057
840 S Grand View St, Los Angeles, CA 90057
840 S Grand View St, Los Angeles, CA 90057
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$7,500,000
Est. payment /mo
51 Beds
39 Baths
31,476 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 31,476 sqft

Price per Sqft $238

MLS Listing ID 26651827

Style Contemporary

Bedrooms 51

Year Built 1990

Lot Size 0.336 Acres

Acres 0.3364

Property Sub-Type Multi-Family

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. **

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Kitchen Counter Top

Interior

Interior Features Elevator

Heating Central

Cooling Central

Flooring Mixed, Carpet, Laminate

Fireplaces Type None

Equipment Dryer, Washer, Refrigerator, Dishwasher, Garbage Disposal, Elevator, Range/Oven, Freezer

Laundry Community, Outside, Laundry Area

Exterior

Parking Features Subterranean, Gated Underground, Private Garage

Garage Spaces 64.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N Yes

View City, City Lights

Building

Story 5

Sewer In Street

Water Public

Architectural Style Contemporary

Level or Stories Three Or More, Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Coldwell Banker Realty

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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