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    3023 S Grand Ave Los Angeles, CA 90007

    Sponsored
    Source: https://www.majorproperties.com
    For Sale
    $4,000,000

    4.29% Cap Mixed-Use Investment Opportunity

    Property size:
    14,711 SF

    Description

    Added:
    May 5, 2025
    Days on Market:
    247
    • Mixed use investment purchase opportunity
    • 2-story building
    • 5 ground floor retail stores and 13 second floor apartments
    • $171,696 actual net annual income | 4.29% actual cap rate
    • Heavy traffic location
    • Northwest corner of Grand Avenue and 31st Street
    • 109.25′ frontage on Grand Avenue and 100′ on 31st Street
    • Just 3 blocks east of the USC Campus
    • 1-mile south of the Santa Monica (I-10) Freeway and Downtown Los Angeles — 1-1/2 miles south of Crypto.com Arena and LA LIVE

    Property Features for 3023 S Grand Ave

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    14,711 SF
    Price / Square Foot
    $271
    Elevators
    N/A

    Building Details

    Year Built
    1922
    Buildings
    1
    Stories
    2
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -117.872419
    Latitude
    34.074949

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    FAQs

    What type of property is this?
    Mixed-use property - 4.29% Cap Mixed-Use Investment Opportunity
    Where is this mixed-use property located?
    The property is located at 3023 S Grand Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    (213) 878-2626
    Request Owner's contact information
    3023 S Grand Ave Los Angeles, CA 90007
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    Los Angeles, CA 90007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3023 S Grand Ave Los Angeles, CA 90007
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