1043 Grand Ave - Apartments FOR SALE


Los Angeles, CA 90015
$5,000,000 USD
323-720-8484
1043 Grand Ave, Los Angeles, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1043 Grand Ave
Los Angeles, CA 90015


HIGHLIGHTS

  • Rare Opportunity to Purchase a Leased Investment in this Vibrant South Park Location
  • Walking Distance to Staples Center, Microsoft Theater, Top Restaurants & Hotels
  • 9 Single Room Live/Work Units Fully Leased
  • Future Upside in Developing the Property up to 3 Stories Possible
  • No Vacancies Due to Location, Ambiance & Security
  • Great Leased Investment in South Park

OVERVIEW

Buyer should verify with reputable consultants all aspects of this brochure and the property including office size, building & land size, if the building size includes any interior dock areas and mezzanine areas, type and age of building, structural condition of the building, ceiling clearance, power, sprinkler calculation, zoning, permitted uses within the building, parking count, any building measurements, number and type of loading doors, if any existing HVAC units work and their life expectancy, sprinkler capacity, roof condition, any city potential incentive areas, any unpermitted improvements, if any existing elevators work, floor loads for every floor and if the floor load is adequate for Buyer’s product weight and product types and use, etc. Buyer should also hire experts including but not limited to (Architect, Structural Engineer, Surveyor, Contractor, Sprinkler/Racking Consultant, Environmental Consultant) to verify the condition of the above items in this disclosure and all aspects of the property and confirm with the appropriate Governmental Agency that the property zoning and building use (Certificate of Occupancy) and all aspects of the improvements including any office areas are acceptable to Buyer in order for Buyer to occupy all areas of the building legally. Lee & Associates-Commerce Inc. strongly recommends that the above items be completed prior to waiver of any contingencies for a purchase. Broker also advises Buyer to obtain any required use permits and business licenses prior to waiver of buyer contingencies and have their Attorney review any Purchase Contract prior to execution.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$526 USD /SF

# OF UNITS

9

PRICE/UNIT

$555,556

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R5-LA

APN/PARCEL ID

5139-008-003

ASK ABOUT THIS PROPERTY

Mollie DietschLee & AssociatesMore Info
323-720-8484

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Mollie DietschLee & AssociatesMore Info
323-720-8484

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.