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


Apartments For Sale  •  10,316 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 10,316 Sq Ft
  • Lot Size 0.16 ac
  • Building Class C
  • Year Built 1925
  • Cap Rate 5.17 %
  • Zoning R4-1
81 Transit Score
93 Walk Score


The Armor Collection is a once-in-a generation investment opportunity in Los Angeles’ Westlake neighborhood. The portfolio features 10 buildings totaling 300 units; all properties are within 2 miles of each other.The properties present an impressive unit mix throughout, consisting of mostly studios and one-bedroom units. Most of the units are currently below market rent, offering an investor a true value-add opportunity and the ability to increase cash flow through renovations. The portfolio is being offered at a low price per unit of $158,500 blended, with current loss-to-lease of over 24% as units turn. 

* Subject property is part of a 10-property portfolio totaling 300 units. This offering can be purchased individually or collectively


Rare opportunity to acquire large portfolio in Westlake
Portfolio includes 10 properties totaling 300 units
Value-add opportunity – renovations will increase cash flow
Offered at a low price-per-unit of $158,500 blended
Significant rental upside of 32% as units turn
Attractive going-in cap rate of 4.4%

Financial Summary (Actual)

Net Operating Income: $170,587 (2018)
Cap Rate: 5.17 %


  • Laundry Facilities
  • Heating
  • Kitchen
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Union Station Commuter Rail (Ventura County, Antelope Valley, San Bernardino, Riverside, Orange County, 91 Lines) 8 min - 3.4 mi
Glendale Commuter Rail (Ventura County, Antelope Valley Lines) 11 min - 5.4 mi
Westlake/MacArthur Park Station (Purple, Red Lines) 2 min 9 min 0.4 mi
Wilshire/Vermont Station (Purple, Red Lines) 4 min 20 min 1.0 mi
Bob Hope Airport 23 min - 13.1 mi
Los Angeles International Airport 26 min - 14.5 mi
Long Beach-Daugherty Field Airport 33 min - 23.7 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Neema Ahadian 310-909-5444 Marcus & Millichap
Neema Ahadian 310-909-5444 Marcus & Millichap