Investment Overview

We are pleased to present 812 S. Grand View Street, an 8-unit value-add opportunity located in the MacArthur Park neighborhood of Los Angeles. Built in 1996, this non-RSO building is permitted to have rents increased by 5% plus CPI. The unit mix is made up of (1) 3bed/3bath unit, (2) 3bed/2bath units, (3) 2bed/2bath units, (2) 2bed/1bath units, and (1) 1bed/1bath unit. There are (12) parking spaces, including (1) handicap parking space, and on-site laundry machines that are owned by the Landlord. Security features include controlled access with gated entrance and parking lot. There is a covenant on the property that requires for a certain percentage of units to be rented at market rate to low-income or moderate-income tenants. Please contact the broker for additional information. Located just east of Hoover Street and one block south of MacArthur Park, the property is positioned to take direct advantage from the path of high-quality developments making their way down from Echo Park, and the total facelift of the MacArthur Park/Westlake markets from both private developers and public projects, such as the future $20 Million MacArthur Park renovation project. The amount of concrete interest and movement within this area has created opportunities for new concepts to merge with historic elements, in a submarket already demanding significant attention and posing a significant shortage of housing. Given the continued growth of MacArthur Park, the urban atmosphere surrounding the subject property, and the significant value-add opportunity without L.A. city rent control restrictions, 812 S. Grand View Street represents an advantage for investors seeking a value-add asset that is poised to provide long-term returns and steady appreciation.