Property Description

3800 S Grand Avenue, Los Angeles is a 15-unit mixed use asset consisting of (8) residential units and (7) retail suites only a couple blocks from USC, Los Angeles Coliseum, Banc of California Stadium, and the Natural History Museum. The retail units are located on the lower level and are primarily used as art studios/galleries with trendy exposed brick and custom-built steel doors. The residential units are located on the upper level with a unit mix consisting of (2) large 1-bed/1-bath units and (6) studios. Zoned LACM, this property is located in a Qualified Opportunity Zone with significant tax benefits and value-add potential. The building is currently operating at an approximate 6% CAP rate and is ideal for a yield-focused investor seeking growth, stability, and a hedge against inflation in the gentrifying South LA/Downtown market.