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Date
Details
Price
Change
Source
10/09/2026
Listed
$1,475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/5
$1,475,000 Just Listed
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1/5
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.
Full Property Details
Full Property Details for MLS# 26999237
General
- Price: $1,475,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26999237
- Updated: 10/11/2026
- Added to Site: 4 day(s) ago
Interior
- Flooring: Mixed
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 12
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 12
- Covered Spaces: 12
- Garage Description: Garage
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: North of Olympic and East of Hoover
Heating & Cooling
- Cooling Type: None
- Heating Type: Combination
Structural Information
- # Buildings: 2
- Architectural Style: Architectural
- Stories/Levels: 2
- Square Feet: 8,276
- Sq. Ft. Source: Assessor
- Year Built: 1941
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 21
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Total Bathrooms: 1
- Bedrooms: 1
Unit 10
- Total Bathrooms: 1
- Bedrooms: 1
Unit 11
- Total Bathrooms: 1
- Bedrooms: 1
Unit 12
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.345
- Lot Size: 15033
- Lot Size Source: Assessor
- Zoning: LAR4
Financial Considerations
- Price Per Sq. Ft.: $178.23
- Assessment Year: 1941
- Owner Pays: Gardener, Water, Other
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5136-005-021
Listed by McAlpin & Company, Jerome McAlpin
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Listing agent
— MLS# 26999237 —
Jerome McAlpin
McAlpin & Company
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for MLS# 26999237
Estimate the Cost
Estimate the Cost for MLS# 26999237
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- Condo
- Active
- Updated 18 hours ago
- 3Beds
- 3Total Baths
- 1,243Sq. Ft.
- Commercial
- Active
- Updated 3 days ago
- 3,042Sq. Ft.
- 0.2113Acres
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- Single Family
- Active
- Updated 44 minutes ago
- 3Beds
- 2Total Baths
- 1,110Sq. Ft.
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MLS# 26999237, Los Angeles, CA 90006 (MLS# 26999237) is a Multi-Family property with units containing 12 bedrooms and 0 full bathrooms. MLS# 26999237 is currently listed for $1,475,000 and was received on October 09, 2026. Want to learn more about MLS# 26999237? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.