$7,500,000

840 S Grand View Street, Los Angeles, CA 90057

31,476 sqft

other
Built in 1990
0.34acre lot
—— car garage
$238/sqft
Listed 2 months ago

Property Description

Grand View Villa Apartments is a 36-unit value-add powerhouse exempt from LA City Rent Control and subject only to AB 1482. Built in 1990, this 31,476 SF asset offers an immediate 6.16% CAP and 8.12 GRM, with a clear proforma path to an 8.5%+ CAP and 6.70 GRM. Features a desirable mix of (3) 3BR/2BA, (9) 2BR/1BA, and (24) 1BR/1BA units and it is priced approximately at 208K per unit. This building includes 64 gated parking spaces with only 25 currently assigned, offering a massive immediate revenue stream via unbundled parking. Building also features controlled access entry, elevator, central A/C, and landlord-owned laundry facility on site. High-density "workforce housing" location ensures consistent 100% occupancy demand in this location. Situated in the heart of Westlake/MacArthur Park neighborhood in a Designated Opportunity Zone, only minutes from DTLA, Koreatown, and the 101/110/10 freeways. A walk-score paradise (94) near MacArthur Park and major employment hubs. *** Property being sold by court-appointed receiver and may be subject to court confirmation and overbid hearing. Property is being sold AS-IS. **

Listing Status:: Active
Date Added:: February 13, 2026
Data Last Updated:: April 18, 2026 at 7:08AM
Listing Office:: Coldwell Banker Realty : 310-820-6651
Listing Agent:: Eric Sackler : 310-979-4990
MLS ID:: CL26651827

Appliances: Dryer
Laundry: Common AreaDryerWasherOther
Flooring: LaminateCarpet
A/C: Central Air
Heating: Other

Parking: Below Ground ParkingPrivate

Originating MLS: CRMLS
County: Los Angeles

Zoning: LAR45141022026
View: City Lights

Utilities: Other Water/Sewer
Water: Other
Sewer: Other

Source: CRMLS

This listing courtesy of Eric Sackler , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

MacArthur Park Elementary School

2300 W 7th St, Los Angeles, CA, 90057

Grades KG-5

0.20 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.45 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.