3023 S Grand Ave Los Angeles, CA 90007
Property profile & analytics
3023 S Grand Ave Los Angeles, CA 90007
- Investment properties
- 7,386 SF
- 0.13 lot acres
Property ID
US09-7611319
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 3023 S Grand Ave
- Year built
- 1923
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.13 lot acres
- Property size
- 7,386 SF
- Zone code
- LAM1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5122-018-014
- APU
- 5122018014
Description
This exceptional mixed-use investment opportunity presents a 14,711 square foot, two-story building situated on a 10,925 square foot lot at the highly visible northwest corner of Grand Avenue and 31st Street in Los Angeles, CA 90007. The property boasts a strong financial performance, with a current net operating income (NOI) of $171,696 and a 4.29% capitalization rate. The building comprises five ground-floor retail units and thirteen second-floor apartments, generating substantial rental income. The property features eight parking spaces and benefits from a prime location just three blocks east of the University of Southern California (USC) campus and a mile south of the Santa Monica (I-10) Freeway and Downtown Los Angeles, including the Crypto.com Arena and LA LIVE. With 109.25 feet of frontage on Grand Avenue and 100 feet on 31st Street, this property offers excellent visibility and accessibility. Built in 1922, the building is zoned LA M1-2. The asking price is $4,000,000, representing a price per square foot of $271.90. This is a rare chance to acquire a well-established, income-producing asset in a thriving Los Angeles neighborhood. The property's strong cash flow, prime location, and diverse income streams make it an attractive investment for both owner-users and passive investors. The APN is 5122-018-014,016.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,370,000
- ML approach
- $2,510,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,495,000
- 6.5%
- $2,300,000
- 7%
- $2,135,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,949,000
Market price range: $945k - $3.71M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,210,000 Current use
- AUTO REPAIR, GARAGE
- $4,015,000 Change: +81% Conversion: Difficult
- OFFICE BUILDING
- $3,705,000 Change: +68% Conversion: Easy
- MEDICAL BUILDING
- $3,365,000 Change: +52% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $3,130,000 Change: +41% Conversion: Difficult
- RETAIL STORES
- $3,030,000 Change: +37% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,270,000 Change: +3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.275
- Latitude
- 34.0229
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,774
$520,200
$884,840
$1,405,040
-
$0.00
$0.00
$0.00
