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3023-3035 S Grand Ave
Los Angeles, CA 90007 West Adams

$4,000,000 USD

Apartments For Sale  •  14,711 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,711 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1922
  • Cap Rate 4.29 %
  • Tenancy Multiple
  • Zoning LA M1-2
83 Transit Score
91 Walk Score

Highlights

5 Ground Floor Retail Units + 13 Second Floor Apartments
Actual $171,696 NOI | 4.29% Cap Rate
3 Blocks East of USC
1-Mile South of I-10 Freeway and DTLA

Property Flyers

Financial Summary (Actual)

Net Operating Income: $171,696 USD (2024)
Cap Rate: 4.29 %
Total Expenses: $77,552 USD

Major Tenants

Tenant SF Occupied Lease End Date
K Design Express
Spark Time

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Fenced Lot
  • Heating
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 3.8 mi
Transit/SubwayDriveWalkDistance
Jefferson/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.4 mi
LATTC/Ortho Institute (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Grand Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
Expo Park/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 18 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 12.2 mi
Bob Hope 28 min - 16.2 mi
Long Beach (Daugherty Field) 28 min - 20.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Ron Kim 213-222-1209 Major Properties
Ron Kim 213-222-1209 Major Properties