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840 S Grand View St
Los Angeles, CA 90057 MacArthur Park

$7,500,000 USD

Apartments For Sale  •  31,476 SF

Property Details

• Property Type Apartments
• Total Building Size 31,476 SF
• Lot Size 0.34 AC
• Building Class B
• Year Built 1990
• Zoning LAR4

84 Transit Score

96 Walk Score

Highlights

Non-RSO Advantage: Constructed in 1990; exempt from LA City Rent Control and subject only to State AB 1482.

Strong Financial Metrics: Current 6.16% CAP and 8.12 GRM, with a proforma path to 8.5%+ CAP and 6.70 GRM. 208K/ Unit.

Desirable Unit Mix: Includes (3) 3BR/2BA units, (9) 2BR/1BA units, and (24) 1BR/1BA units.

Immediate Parking Upside: Features 64 gated parking spaces w/ only 25 currently assigned, providing immediate opportunity to capture additional income

Substantial Scale: 36 units totaling 31,476 SF on a 14,650 SF lot in a Designated Opportunity Zone.

Key Amenities: Controlled access, gated parking, elevator, central A/C, and landlord-owned laundry facilities.

Amenities

• Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
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	-	3.6 mi
	8 min	-	3.8 mi
Transit/Subway	Drive	Walk	Distance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	7 min	0.4 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	13.5 mi
Los Angeles International	24 min	-	13.9 mi
Long Beach (Daugherty Field)	32 min	-	22.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes