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51 Beds
39 Baths
31,476 sqft

$7,500,000

840 S Grand View Street, Los Angeles CA, 90057

Price per sqft$238.28
Built in1990
Property size31,476 sqft
Property typeResidential
test courtesy

Overview

Active

Listed Feb 13, 2026

Updated Apr 10

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. **

$49,898/mo

Est. mortgage payment based on a $7,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26651827

Interior Features

Bedrooms
51
Bathrooms
39

Exterior Features

Lot Size
0.34 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Broker Reciprocity Courtesy of Coldwell Banker Realty, Eric Sackler

Riff Rifferson - Full Name

- Phone Number

[email protected] - Email

- Brokerage Name

78108 - MLS License Number

 

Data last updated 6:21 AM UTC, 4/10/2026

 

Based on information from California Regional Multiple Listing Service, Inc. as of 4/10/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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