Address not provided Los Angeles, CA $ 1,475,000
Address not provided
$ 1,475,000
Recently Listed
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Address not provided

Los Angeles, CA, 90006
$ 1,475,000
Bedrooms-- Baths0.0 Sq 8,276

Monthly Estimate*

$ 10,187

MLS #/Web ID: 0026999237 - Image 1
MLS #/Web ID: 0026999237 - Image 2
MLS #/Web ID: 0026999237 - Image 3
MLS #/Web ID: 0026999237 - Image 4
MLS #/Web ID: 0026999237 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $1,475,000. This 8,276 square foot home was built in 1941 on a lot size of 0.35.

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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Multi-Family Active

Price

$ 1,475,000

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.35

Year Built

1941

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026999237

Features
General
Living Area 8276
Heating Combination
Zoning LAR4
Year Built 1941
Tenant Pays Electricity Gas
Levels Two
County Los Angeles
New Construction false
Property Type Residential Income
HOA false
Status Active
City Los Angeles
Senior Community Y/N false
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 15033
Standard Status Active
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Interior
Total Stories 2
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Garage
Water Source None
Lot Size Area 15033
Foundation Details None
Building Area Total 8276
Lot Size Acres 0.35
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* Excluded Features
List By
Jerome McAlpin

Listing Agent

Mcalpin & Company

Broker

jerome@mcalpinco.com

Email

Affordability Calculator

$10,187
Per Month
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Monthly Principal & Interest
$10,187
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/10/2026$1,475,000 Listed Price

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