12-Unit Apartment
New
For Sale
$1,475,000
924 S Grand View St, Los Angeles, CA 90006
Two separate residential buildings provide one-bedroom apartments under LAR4 zoning in Los Angeles’s Pico-Union area.
Property Size8,276 SF
Lot Size0.35 Acres
Price / SF$178.23
Days on Market5
Property Features for 924 S Grand View St
General Information
Standard status
Active
Size
8,276 SF
Lot size
0.35 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR4
Financials
Cap Rate
6.1%
Gross Income
$162,708
Gross Rent Multiplier
8.94
Units
Unit Mix
12 x 1BR
Multifamily Units
12
Building Details
Building Size
8,276 SF
Year Built
1941
Buildings
2
Listing Agency:
McAlpin & Company
Listed By:
Jerome McAlpin · License #00939725
(310) 902-8977
Source:
Carolinakramer
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 11:03PM
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 McAlpin & Company
Investment Insights
Based on property information with market context.
This 1941 apartment property comprises two six-unit buildings on separate parcels, each with its own APN. The 12 residences are all one-bedroom units, averaging almost 700 square feet each. Combined, the buildings contain 8,276 gross square feet on parcels totaling 15,033 square feet, with LAR4 zoning.
The property is in the Pico-Union area of Central Los Angeles, minutes from Downtown Los Angeles and Koreatown. The offering also has a stated 6.1% cap rate and 8.94 GRM.
The property is in the Pico-Union area of Central Los Angeles, minutes from Downtown Los Angeles and Koreatown. The offering also has a stated 6.1% cap rate and 8.94 GRM.
Key Highlights
- Two apartment buildings with six units apiece, for 12 units total
- All 12 apartments are one‑bedroom units, averaging almost 700 SF each
- 8,276 gross square feet of residential space on 15,033 square feet of land
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
5,731
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two separate residential buildings provide one-bedroom apartments under LAR4 zoning in Los Angeles’s Pico-Union area.
Where is this apartment building located?
The property is located at 924 S Grand View St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two apartment buildings with six units apiece, for 12 units total; All 12 apartments are one‑bedroom units, averaging almost 700 SF each; 8,276 gross square feet of residential space on 15,033 square feet of land
