Description
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.
Location
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Listing Agent: Sevak Keshishian
Listing Office: Marcus & Millichap
