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Grand View Villa Apartments is a 36-unit value-add powerhouse exempt from LA City Rent Control and subject only to AB 1482. Built in 1990, this 31,476 SF asset offers an immediate 6.16% CAP and 8.12 GRM, with a clear proforma path to an 8.5%+ CAP and 6.70 GRM. Features a desirable mix of (3) 3BR/2BA, (9) 2BR/1BA, and (24) 1BR/1BA units and it is priced approximately at 208K per unit. This building includes 64 gated parking spaces with only 25 currently assigned, offering a massive immediate revenue stream via unbundled parking. Building also features controlled access entry, elevator, central A/C, and landlord-owned laundry facility on site. High-density "workforce housing" location ensures consistent 100% occupancy demand in this location. Situated in the heart of Westlake/MacArthur Park neighborhood in a Designated Opportunity Zone, only minutes from DTLA, Koreatown, and the 101/110/10 freeways. A walk-score paradise (94) near MacArthur Park and major employment hubs. *** Property being sold by court-appointed receiver and may be subject to court confirmation and overbid hearing. Property is being sold AS-IS. **
| DAYS ON MARKET | 63 | LAST UPDATED | 3/4/2026 |
|---|---|---|---|
| YEAR BUILT | 1990 | COMMUNITY | C42 - Downtown L.A. |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Refrigerator, Washer |
| AREA | C42 - Downtown L.A. |
| HEAT | Central |
| INTERIOR | Elevator |
| LOT | 0.3364 acre(s) |
| LOT DIMENSIONS | 14655 |
| PARKING | Underground, Private |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | Three Or More, Multi/Split |
| STYLE | Contemporary |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| SATELLITE VIEW |
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