3023 South Grand Avenue

Los Angeles, CA 90007

$2,700,000
Last Sold Price
5
Beds
17
Baths
14,711 Sq. Ft.
$184 / Sq. Ft.
14,711
Sq. Ft.
$184
per Sq. Ft.

Description

The exclusive listing agent, is pleases to present for sale 3023-3029 grand ave on 13 unit apartment and 4 office rental. Gross income $202,200 /yr. Prime student housing development oppertunity in th lam1-2 toc tier 3 zonning. Coveted 90007 zip code of los angeles, ca. 2-3 black from the usc campus. This building located 2 lot(apn 5122-018-016,5122-018-014) total lot size 10925sq, building 14711sq. Seller/listing agent make no warrenties nor guranties information contained in th mls. Buyer to rely...The exclusive listing agent, is pleases to present for sale 3023-3029 grand ave on 13 unit apartment and 4 office rental. Gross income $202,200 /yr. Prime student housing development oppertunity in th lam1-2 toc tier 3 zonning. Coveted 90007 zip code of los angeles, ca. 2-3 black from the usc campus. This building located 2 lot(apn 5122-018-016,5122-018-014) total lot size 10925sq, building 14711sq. Seller/listing agent make no warrenties nor guranties information contained in th mls. Buyer to rely on buyer's due diligence. Do not disturbed tenants. Down stairs 4 office rent $6150/mo and 13 unit apatment rent $10,700/mo
  1. Listed by Jae Sung Choi • DRE #01273921 • Brokerage DRE #00908242 • Ivy Realty Co.

Property Details for 3023 South Grand Avenue

Zoning
LAM1
Parcel Number
5122018016
Total Units
17.0
Living Area
14711
Source Living Area
Other
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
10925

Location

Listing Courtesy of Ivy Realty Co., Jae Sung Choi, DRE #01273921

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 11/08/2021 01:42 PM

Property Details for 3023 South Grand Avenue

StatusSold
MLS #21-717050
Days on Market97
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.25 AC / 10,925 SF
CountyLos Angeles County

Location

Listing Courtesy of Ivy Realty Co., Jae Sung Choi, DRE #01273921

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 3023 South Grand Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.25 AC / 10,925 SF

Payment Calculator

$16,188 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$1,453

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3023 South Grand Avenue

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: MULTI
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $202,200
  • Net Operating Income: $131,430.00
  • Gross Income: $202,200
  • Gross Rent Multiplier: $14.60
  • Actual Annual Gross Rent: $202,200.00
  • Total Annual Expense: 70770
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.25
  • Lot Size Square Feet: 10925
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 7
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating Type: Other
  • Equipment: Gas Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-09-2021
  • Rent Control: Yes
  • Rent Control: 76
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,315.00
  • Unit Actual Rent: $4,315.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,385.00
  • Unit Actual Rent: $6,385.00
  • Unit Projected Rent: $8,800.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $397,461.00
  • Assessed Improvement Percent: 52.39
  • Assessed Land Value: $361,182.00
  • Assessed Land Percent: 47.61
  • Assessed Total Value: $758,643.00

Property History for 3023 South Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3023 South Grand Avenue

Taxable ValueLand$510,000Additions$867,500Total$1,377,500
Tax Record2023$17,440 ($1,453 / month)
Home Facts
Total Finished SqFt7,386 SqFtAbove Grade Finished SqFt7,386 SqFtStories1Lot Size5,450 SqFtStyleOffice BuildingYear Built1923ZoningLAM1CountyLOS ANGELESAPN5122-018-014

Schools near 3023 South Grand Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Dolores Huerta Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ivy Realty Co., Jae Sung Choi, DRE #01273921

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.