Multifamily Property with Private
3833 S Grand Ave, Los Angeles, CA 90037
For Sale
New
$2,895,000
The building is currently configured for transitional housing and includes private residential units.
Property Size7,484 SF
Lot Size0.31 Acres
Price / SF$386.83
Days on Market5
Property Features for 3833 S Grand Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License CA #01902650
(213) 225-7223
Source:
Milsteinestates
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property in Los Angeles is currently used for transitional housing. Its 7,484-square-foot building contains 13 bedrooms, including four private units, each with one bedroom and one bathroom. The property was built in 1954 and occupies a 13,492-square-foot lot.
The site is directly adjacent to USC. The existing configuration combines private residential units with additional bedrooms within the building.
The site is directly adjacent to USC. The existing configuration combines private residential units with additional bedrooms within the building.
Key Highlights
- 13 bedrooms in a 7,484‑square‑foot building
- Four private units, each with 1 bedroom and 1 bathroom
- Currently used for transitional housing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,136
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,222,720
$2.2M
Cap Rate 7%
$1,587,657
$1.6M
Cap Rate 9%
$1,234,844
$1.2M
Market Conditions
NOI Build-Up for 7,484 SF
Gross rent
$203.5K $27.19/SF
− Vacancy
−$1.4K −$0.19/SF
EGI
$202.1K $27.00/SF
− OpEx
−$90.9K −$12.15/SF
NOI
$111.1K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,222,720
Cap Rate 7%
$1,587,657
Cap Rate 9%
$1,234,844
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,136 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,275 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Los Angeles, CA
Properties on Market for Multifamily properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The building is currently configured for transitional housing and includes private residential units.
Where is this multifamily property located?
The property is located at 3833 S Grand Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 13 bedrooms in a 7,484‑square‑foot building; Four private units, each with 1 bedroom and 1 bathroom; Currently used for transitional housing
