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3023-3035 S Grand Ave
Los Angeles, CA 90007 West Adams

$4,000,000 USD

Apartments For Sale  •  14,711 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,711 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1922
  • Cap Rate 4.29 %
  • Tenancy Multiple
  • Zoning LA M1-2
83 Transit Score
89 Walk Score

Highlights

7,355 SF Ground Floor Retail: Occupy with Your Business or Convert to 13 ADU's - Accessory Dwelllling Units
Possible Uses: Contractor, school, church, clinic, wholesale warehouse storage, industrial manufacturing, art gallery
Apx. 11’ ceiling. Five unit walls can be opened up to connect throughout.
Five Month to Month Retail Stores. Tenants pay electricity expense.
Collect Additional $14,621/month Apartment Investment Income: 13 units
2-story building. 10,925 sf land. Opportunity zone.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $171,696 USD (2024)
Cap Rate: 4.29 %
Total Expenses: $77,552 USD

Amenities

  • Fenced Lot

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 7 min - 3.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.8 mi
Transit/SubwayDriveWalkDistance
Jefferson/Usc (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 6 min 0.4 mi
Lattc/Ortho Institute (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.7 mi
Grand Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 16 min 0.8 mi
Expo Park/Usc (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 21 min - 12.2 mi
Bob Hope 27 min - 16.2 mi
Long Beach (Daugherty Field) 27 min - 20.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Ron Kim 213-222-1209 Major Properties
Ron Kim 213-222-1209 Major Properties