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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.
Property Type(s):
Residential Income
| Last Updated | 10/10/2026 | Year Built | 1941 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | Garage Spaces | 12.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Refrigerator |
| AREA | C42 - Downtown L.A. |
| GARAGE | Yes |
| LOT | 0.3451 acre(s) |
| LOT DIMENSIONS | 15033 |
| PARKING | Garage |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
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Listed with McAlpin & Company
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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