One architectural textbook describes the exterior space as the dominant organizing theme for the building, giving the complex "all the attributes of the traditional narrow commercial street.

"[6] Later renamed the Granada Buildings, the complex was purchased and restored by the Shidler Group in the late 1980s and received a preservation award from the Los Angeles Conservancy.

[5] The Granada received the award due to the concentration of non-profits having offices there, including PEN Center USA, Theatre of Hearts, and People in Progress.

LA Weekly noted at the time: "Creative people are drawn to the Granada because of its fascinating history, charming architecture, old-school elevator and lovely courtyard: a gorgeous garden with flowing fountains along the walkways, a taste of the Alhambra a short stroll away from picturesque but gritty MacArthur Park.

The Granada is one of several Registered Historic Places encircling Lafayette Park, including the Bryson Apartment Hotel, The Town House, the Felipe De Neve Branch library, and Bullocks Wilshire one block to the west.