For Sale
940 S Gramercy Place, Los Angeles, CA 90019
940 S Gramercy Place, Los Angeles, CA 90019
  • $2,590,000
  • $404

Overview

Property ID: HZ16221162
  • Residential Income
  • Property Type
  • 10
  • Bedrooms
  • 8
  • Bathrooms
  • 6412.00
  • Sqft
  • 1965
  • Year Built

Description

Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT’S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.

  • Address 940 S Gramercy Place
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90019
  • Area C18 - Hancock Park-Wilshire
  • Country United States

Details

Updated on May 15, 2024 at 6:18 pm
  • Property ID: HZ16221162
  • Price: $2,590,000
  • Property Size: 6412.00 Sqft
  • Land Area: 6877.00 Sqft
  • Bedrooms: 10
  • Bathrooms: 8
  • Year Built: 1965
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6412.00
  • Living Area Prefix: Sqft
  • MLS#: 24372765
  • Office Name: REAL BROKER
  • Agent Name: Max Lee
  • MLS Status: Active
  • Agent State License: 01905008

Additional details

  • County: Los Angeles
  • Parking: 13.00

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