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3836 S Gramercy Pl

Los Angeles, CA 90062
  • $1,100,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 21-108999
UPDATED: 173 min ago
$1,100,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,004
    SQFT
  • $366
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

We are pleased to offer the opportunity to acquire this value-add six (6) unit, multifamily investment opportunity, located at 3836 Gramercy Place, Los Angeles 90062. The property is located in an Opportunity Zone, and was constructed of wood frame and stucco on a raised foundation, built in 1923 with a square footage of 3,004 on a 6,761-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of six (6) 1-bedroom + 1-bathroom units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. Given the location, attractive local area amenities, and opportunity to increase rental income (over 50% rental upside), this investment presents an excellent opportunity for an investor to acquire a unique premier property that will provide exponential returns.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/123663248
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3836 S Gramercy Pl Los Angeles, CA 90062

  • Price: $1,100,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 173 min ago
  • MLS #: 21-108999
6
Beds
0
Baths
0
½ Baths
0.16
Acres
3,004
SQFT
$366
$/SQFT
1923
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
We are pleased to offer the opportunity to acquire this value-add six (6) unit, multifamily investment opportunity, located at 3836 Gramercy Place, Los Angeles 90062. The property is located in an Opportunity Zone, and was constructed of wood frame and stucco on a raised foundation, built in 1923 with a square footage of 3,004 on a 6,761-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of six (6) 1-bedroom + 1-bathroom units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. Given the location, attractive local area amenities, and opportunity to increase rental income (over 50% rental upside), this investment presents an excellent opportunity for an investor to acquire a unique premier property that will provide exponential returns.
Exterior Features

Lot Size Area 6761 Other Structures None Parking Garage Other Total Parking 6

Interior Features

Baths Total 6.00 Cooling Other Equipment Range/OvenRefrigeratorOther Heating Other

Property Features

Assessed Total Value 811512 Gross Income 62244 Gross Operating Income 60999 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 38729.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 22270 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253