Contacts

Eric Sackler

Coldwell Banker Realty

Susan Lau

Coldwell Banker Realty

Property Details

Property Type Multi-Family
Property Size 31,476 SF
Units 36
Lot Size 14,655 SF
# of Floors 5
Parking Spaces Avail. 64
Year Built 1990
Date Updated May 15, 2026

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. **

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Highlights

Age: 31-40 Years Old
Garage Description: Garage
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...