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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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1000 Grand View Street, Los Angeles – $2,595,000

  • 1 Bed
  • 2 Baths
  • 14,340 Sqft
  • .13 Acres
  • 1 Bed
  • 2 Baths
  • 14,340 Sqft
  • .13 Acres

1000 Grand View Street

With excellent visibility on the corner of Olympic Boulevard and Grand View Street, the property sits only one mile from LA Live, Los Angeles' sprawling 5.6 million square foot sports and entertainment complex that was constructed for approximately $2.5 billion in recent years. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area. Available at a 7.23% CAP Rate and 7.23 GRM based on current income, the property allows an investor the opportunity to potentially recapture approximately 48% in rent upside. Attractively priced when compared to similar recent sales, the building is being offered for less than $181 per square foot and only $112,826 per unit. Because the building is not on the Los Angeles Department of Building and Safety's seismic retrofit list, a new owner can save significant funds from otherwise costly seismic repairs (Buyer to verify). Situated near the intersection of Olympic Boulevard and Hoover Street, the property offers tenants proximity to the ample job centers throughout Downtown Los Angeles, Koreatown, and the nearby University of Southern California. Residents also enjoy convenient access to the 110, 10, and 101 Freeways, while the Metro B Line and D Line subways, along with several Metro bus stops, are all within blocks of the​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​​‌‌​‌‌​​‌​​​‌‌​ property.

Essential Information

  • MLS® #25562967
  • Price$2,595,000
  • Bedrooms1
  • Bathrooms2.00
  • Square Footage14,340
  • Acres0.13
  • Year Built1922
  • TypeResidential Income
  • StatusActive Under Contract

Community Information

  • Address1000 Grand View Street
  • AreaC42 - Downtown L.A.
  • CityLos Angeles
  • CountyLos Angeles
  • Zip Code90006

Amenities

  • ParkingAssigned
  • GaragesAssigned

Interior

  • # of Stories3
  • StoriesMulti/Split

Additional Information

  • Date ListedJuly 9th, 2025
  • Days on Market77
  • ZoningLAC4

Listing Details

  • AgentRoderick 'rick' Raymundo
  • OfficeMarcus & Millichap
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Price Change History for 1000 Grand View Street, Los Angeles, (MLS® #25562967)

Date Details Change
Status Changed from Active to Active Under Contract

Roderick 'rick' Raymundo, Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of September 24th, 2025 at 4:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.