827 South Grand View Street

Los Angeles, CA 90057

$4,490,000
Price
4
Beds
4
Baths
48,200 Sq. Ft.
$93 / Sq. Ft.
48,200
Sq. Ft.
$93
per Sq. Ft.

Description

OPPORTUNITY ZONE 821-827 South Grand View Rare double lot assemblage in the booming Westlake area of Los Angeles, just south of McArthur Park, West of DTLA. 100' of frontage on Grand View str. Currently RTI READY, for PROPOSED 60 apartment units. (7 Units Affordable). Walk score 96! One level subterranean parking with 33 spaces, designed with additional height to allow for 'Independent Mechanical Parking' system, giving developers the option to add parking spaces if so desired. Sales package includes...

Property Details for 827 South Grand View Street

Zoning
LAR4-TOC TIER 3
Year Built Numeric
2021

Location

Listing Courtesy of Real Estate Source, Inc., Tannaz Kamran-Rahbar, DRE #00951232

Property Details for 827 South Grand View Street

StatusActive
MLS #21-693804
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.34 AC / 15,000 SF
CountyLos Angeles County

Listing Agent

Tannaz Kamran-Rahbar

Tannaz Kamran-Rahbar

Real Estate Source, Inc.

Tannazrahbar@yahoo.com

P: 310.995.7545

M: 310.995.7545

DRE #00951232

Contact Agent(s)

Location

Listing Courtesy of Real Estate Source, Inc., Tannaz Kamran-Rahbar, DRE #00951232

Building Information for 827 South Grand View Street

Stories6Residences-Year Built2021Building Size-Lot Size0.34 AC / 15,000 SF

Payment Calculator

$15,047 per month

30 year fixed, 2.95% Interest

Principal and Interest

$15,047

Property Taxes

HOA Dues

$0

Property Information for 827 South Grand View Street

Summary
    Location and General Information
  • Directions: Just south of Wilshire Boulevard and Just East of Hoover Street. South of McArthur Park
  • Year Built Source: Builder
  • Zip 4: 3909
  • City: Los Angeles
  • Zip Code: 90057
  • County Or Parish: Los Angeles
  • Street Number Numeric: 827
  • Street Direction Prefix: S
  • Street Name: Grand View
  • State: CA
    Parking
  • Parking Garage: None
  • Total Parking: 32
Property
    Property and Assessments
  • Assessed Improvement Percent: 21.57
  • Assessed Improvement Value: $168,300.00
  • Assessed Land Percent: 78.43
  • Assessed Land Value: $612,000.00
  • Assessed Total Value: $780,300.00
  • Assessor Parcel Number: 5141-023-006
  • Advertising Remarks: OPPORTUNITY ZONE 821-827 South Grand View**Rare double lot assemblage in the booming Westlake area of Los Angeles, just south of McArthur Park, West of DTLA. 100' of frontage on Grand View str. Currently RTI READY, for PROPOSED 60 apartment units. (7 Units Affordable). WALK SCORE 96! One level subterranean parking with 33 spaces, designed with additional height to allow for 'Independent Mechanical Parking' system, giving developers the option to add parking spaces if so desired. Sales package includes the Land, full RTI plans stamped and approved, ready for Buyer to pay and pull building permits, Mechanical, Electrical and Plumbing plans ready and already submitted to the City of LA and included in the purchase price of $75,000/buildable door. All rents are PROJECTED and NOT ACTUAL. Buyer to confirm and verify all details, information and numbers independently. Seller/Agent not liable
  • Disclosures: Rent Control
  • Probate: No
  • Source Living Area: Developer
  • Source Lot Size Area: Developer
  • Source Lot Size Dimensions: Developer
  • Number Of Photos: 3
    Lot Information
  • Additional Parcel Number: Yes
  • Area: Downtown L.A. (C42)
  • Lot Acreage: 0.35
  • Lot Size Dimensions: 100x150
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 48200
  • Lot Size Area: 15000
    Utilities
  • Pool Description: None
Interior and Exterior Features
    Exterior Features
  • Pool: No
    Interior Features
  • Baths Total: 4.0
  • Cooling: None
  • Equipment: None
  • Heating: None
  • Number Of Stories: 6
  • Beds Total: 4
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Income: $120,735
  • Gross Operating Income: $1,448,820
  • Net Operating Income: $1,025,900.00
  • Total Annual Expense: 391000
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106
    Unit 1 Information
  • Unit Beds1: 1
  • Unit Baths1: 1
  • Unit Projected Rent1: $2,012.00
  • Unit Actual Rent1: $.00
  • Unit Furnished1: No
  • Like Units1: 60
  • Unit Rent1: $2,012.00
Rental
    Rental Information
  • Vacancy Rate: 3%
  • Gross Rent Multiplier: $18.00
  • Number Of Buildings: 1
  • Number Of Units: 60

Property History for 827 S Grand View St

DateEvent & SourcePriceAppreciation
Apr 5, 2021

Price Change

CRMLS #21693804

$4,490,000
Apr 5, 2021

Price Change

CLAW #21-693804

$4,490,000
Feb 16, 2021

Listed (Active)

CRMLS #21693804

$4,500,000
DateEvent & SourcePrice
04/05/2021

Price Change

CRMLS #21693804

$4,490,000
04/05/2021

Price Change

CLAW #21-693804

$4,490,000
02/16/2021

Listed (Active)

CRMLS #21693804

$4,500,000

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

Public Records for 827 South Grand View Street

Taxable ValueLand$1,019,592Additions$254,898Total$1,274,490
Tax Record2020$15,604 ($1,300 / month)
Home Facts
Total Finished SqFt3,440 SqFtAbove Grade Finished SqFt3,440 SqFtLot Size7,501 SqFtStyleQuadraplexYear Built1921Year Renovated1922ZoningLAR4CountyLOS ANGELESAPN5141023006

Schools near 827 South Grand View Street


SchoolTypeGradesDistanceRating
Green Pastures Cultivation AcademyPrivate6-120.1 mi
NR
Macarthur Park Elementary School For The Visual And Performing ArtsPublicK-50.2 mi
3
Equitas Academy Charter #2Charter5-80.3 mi
6
Linden SchoolPrivateK-120.4 mi
NR

Green Pastures Cultivation Academy

6-12, 0.1 mi, Private

NR

Macarthur Park Elementary School For The Visual And Performing Arts

K-5, 0.2 mi, Public

3

Equitas Academy Charter #2

5-8, 0.3 mi, Charter

6

Linden School

K-12, 0.4 mi, Private

NR

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.

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827 South Grand View Street is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on February 16, 2021 by Real Estate Source, Inc. at $4,490,000. It has been on the market for a total of 66 days and was last sold on December 21, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Green Pastures Cultivation Academy, Macarthur Park Elementary School For The Visual And Performing Arts and Equitas Academy Charter #2. 827 South Grand View Street is a 4-bed, 4-bath, 48,200 sqft multi-family home built in 2021. This address can also be written as 827 S Grand View St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Real Estate Source, Inc., Tannaz Kamran-Rahbar, DRE #00951232

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.