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812 S Grand View St, Los Angeles, CA 90057
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812 S Grand View St Los Angeles, CA 90057

$2,010,000 Sold Price as of 05/31/2023
  • 17 Beds
  • 12 Baths
  • 7,476 Sq.Ft.
Sold
$2,010,000 Sold Price as of 05/31/2023 Refinance Your Mortgage
Map preview of 812 S Grand View St, Los Angeles, CA 90057

Property Overview: 812 S Grand View St Los Angeles, CA has 17 bedrooms, 12 bathrooms, 7,476 living square feet and 5,860 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 812 S. Grand View Street, an 8-unit value-add opportunity located in the MacArthur Park neighborhood of Los Angeles. Built in 1996, this non-RSO building is permitted to have rents increased by 5% plus CPI. The unit mix is made up of (1) 3bed/3bath unit, (2) 3bed/2bath units, (3) 2bed/2bath units, (2) 2bed/1bath units, and (1) 1bed/1bath unit. There are (12) parking spaces, including (1) handicap parking space, and on-site laundry machines that are owned by the Landlord. Security features include controlled access with gated entrance and parking lot. There is a covenant on the property that requires for a certain percentage of units to be rented at market rate to low-income or moderate-income tenants. Please contact the broker for additional information.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Co-listed by Tadeh Minassian | BRE #01960390 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
5,860
HOA Dues
$0/mo
Year built
1995
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23237477
City
Los Angeles
County
Los Angeles
Time on Site
511 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,482
  • Total Rent: $1,482
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,816
  • Total Rent: $1,816
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,812
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.82
  • Gross Scheduled Income: --
  • Net Operating Income: $106,555
  • Gross Operating Income: $170,399
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 812 S Grand View St

Interior Features
Heating Information
  • No Heating
  • None
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Property Information
  • Total # of Units: 8
  • Parcel Number: 5141022027
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located east of Hoover Street and one block south of MacArthur Park
View more facts & features

Local Los Angeles Agent

Sale History for 812 S Grand View St

Last sold for $2,010,000 on May 31st, 2023

  • May, 2023

  • May 31, 2023

    Date

    Sold

    CRMLS: 23237477

    $2,010,000

    Price

  • Feb 9, 2023

    Date

    Active

    CRMLS: 23237477

    $2,480,000

    Price

Tax History for 812 S Grand View St

Assessed Value (2020): $1,223,826
Year Land Value Improved Value Assessed Value
2020 $300,159 $923,667 $1,223,826

Home Value Compared to the Market

This property vs the competition

812 S Grand View St sold on May 31, 2023 for 76.53% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $300.83 per/sqft which puts the price per square foot 61.97% lower than the current median sale per square foot for the city of Los Angeles.

About 812 S Grand View St

Detailed summary of property

812 S Grand View St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 17 bedrooms, 12 bathrooms, roughly 7,476 living square feet, and sits on an approximately 5,860 square foot lot. 812 S Grand View St was first listed on ArdentRealEstateGroup.com on February 10, 2023. The homeowner sold the property for $2,010,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 76.53% higher than the current median priced home. Local homes that are currently for sale include 137 S La Fayette Park Pl, 837 S Berendo St and 910 S Catalina St. While the average home in Los Angeles, CA is selling in 100 days, 812 S Grand View St has a days on market of 62 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 812 S Grand View St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 812 S Grand View St

Public county record property details
Beds
17
Baths
17
Year built
1995
Sq. Ft.
7,476
Lot Size
5,860
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
L
APN
5141-022-027

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$390,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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