S St, Los Angeles, CA 90006
S St, Los Angeles, CA 90006
S St, Los Angeles, CA 90006
S St, Los Angeles, CA 90006
S St, Los Angeles, CA 90006
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RYAN STEELE

RYAN STEELE

+1(818) 900-1859
$ 1,475,000
Est. payment | /mo

12 Beds

12 Baths

8,276 SqFt

Save
$ 1,475,000
Est. payment | /mo
Save

12 Beds

12 Baths

8,276 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 8,276 sqft

Price per Sqft $178

MLS Listing ID 26999237

Style Architectural

Bedrooms 12

Year Built 1941

Lot Size 0.345 Acres

Acres 0.345

Property Sub-Type Multi-Family

Property Description

Situated in the highly desirable Pico-Union submarket of Central Los Angeles, these multi-family assets at 924-930 S Grand View Street present a compelling investment opportunity characterized by strong urban infill fundamentals and enduring rental demand. Built in 1941, the properties feature classic architectural character across two well utilized parcels totaling 15,033-square-feet, offering approximately 8,276 gross square feet of residential space. Its strategic location just minutes from Downtown Los Angeles and Koreatown ensures exceptional proximity to major employment hubs, transit corridors, and neighborhood retail amenities, driving consistent tenant pool depth and low historical vacancy. Furthermore, the property's LAR4 zoning designation provides robust underlying land value and future redevelopment potential, making it an ideal acquisition for investors seeking a combination of stable near-term rental cashflow and long-term appreciation in a high-demand submarket. Currently the 2 six-unit buildings are producing $13,559 per month, with, at least, 50% upside upon turnover. The buildings contain 12-1 bedroom units, averaging almost 700sf each. Listed at a 6.1% CAP Rate, a 8.94 GRM and $122,917 CPU, this deal checks all of the boxes. These two buildings are on separate lots with their own APN's.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Combination

Cooling None

Flooring Mixed

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Garage

Garage Spaces 12.0

View Y/N No

View None

Building

Story 2

Architectural Style Architectural

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by McAlpin & Company

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