NOT LISTED FOR SALE

425 S Grand View St Los Angeles, CA 90057

Westlake Neighborhood
1 Bed
1 Bath
77,106 Sq Ft
0.52 Acres

Last Sold October 01, 2012

Last sale price $10,890,000 $141 Per Sq Ft

56 Days on Market

About This Home

As of October 2012

This beautiful, well-maintained 144 unit apartment building consist of 3 contemporary buildings (425, 427 and 447 S. Grand View Street ) and offers 108 renovated spacious studios with full kitchens and full bathrooms and 17 renovated over-sized 1BR+1BA units with lots of storage. Each apartment home includes gas stove, refrigerator, ceiling fan. Charming features can be found throughout such as beautiful dark hardwood floors, exposed brick wall in living area and walk-in closets in select units. An onsite leasing office, controlled access entry and an elevator in each building adds extra value to this apartment community along with separate meters for electricity, 14 gated parking spots and 3 on-site laundry facilities which generate additional monthly income. Great investment opportunity minutes away from the growing downtown Los Angeles area, LA Live, Staples Center, Nokia Theater and Dodger Stadium. Unit detail above is a sample. Full rent roll available upon request.

Last Agent to Sell the Property

Laurie Lustig-Bower

Laurie J. Lustig License #00979360 Listed on: 06/18/2012

Last Buyer's Agent

Laurie Lustig-Bower

Laurie J. Lustig License #00979360 Listed on: 06/18/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.52 Acre Lot

Home Design

  • 77,106 Sq Ft Home

Parking

  • 14 Parking Spaces
  • 14 Covered Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 49 Units
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 5154-037-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 77106
  • Stories: 5
  • Year Built: 1928
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Refrigerator
  • Price Per S Q F T: 145.90

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 14
  • Parking Garage: Gated
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5154-037-009
  • Lot Size Area: 22578

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 8.36
  • Number Of Units: 49
  • Total Annual Expense: 591737
  • Type Of Units: MULTI
  • Vacancy Rate: 66756

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2012 10/01/12 Sold $10,890,000 -3.2% $141 / Sq Ft
08/13/2012 08/13/12 Pending -- -- --
06/18/2012 06/18/12 For Sale $11,250,000 -- $146 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Laurie Lustig-Bower

    Laurie J. Lustig

    Section Image
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Map

Source: The MLS

MLS Number: 12-607575

The MLS

California Los Angeles County Los Angeles 90057 Westlake

425 S Grand View St, Los Angeles, CA

This home is located at 425 S Grand View St, Los Angeles, CA 90057 since 18 June 2012. This property was built in 1928. 425 S Grand View St is a home located in Los Angeles County with nearby schools including Charles White Elementary School, John H. Liechty Middle School, and Belmont High School.

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