• 826 S Gramercy Place Los Angeles, CA 90005

  • $2,400,000
  • 0
    Bed(s)
  • 0
    Baths
  • 6,293
    Sq Ft
  • 7499
    Sqft
  • Listed By: THOMAS LO, Thomas Iping Lo, Broker, DRE #01842952
  • Source: CRMLS

This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year and is not included in the gross schedule rent figure. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1041325708 1 0 1 0
2 1041325708 1 1 1 0
3 1041325708 1 1 1 0
4 1041325708 1 1 1 0
5 1041325708 1 1 1 0
6 1041325708 2 2 2 0
7 1041325708 2 2 2 0
8 1041325708 2 3 2 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Asphalt,Flat

Property Appliances: Dishwasher,Disposal,Gas Range,Refrigerator

Fireplace: None

Flooring: Carpet,Wood

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1960

Building Area Total: 6,293

Roof: Asphalt,Flat

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1722

Lot Size Source: Assessor

Lot Size Square Feet: 7499

Listing Price Information

Original List Price: 2,400,000

Listing Contract Date: 2023-08-11

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5092025015

Annual Tax: 29751

Garage and Parking

Garage Description: Assigned

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Electricity,Gas,Water

Other Property Info

Source Listing Status: Active

Source Neighborhood: C17 - Mid-Wilshire

Postal Code Plus 4: 3476

Directions: West of Western Avenue, East of Wilton Avenue, South of 8th Street, North of 9th Street

Zoning: LAR3

Source Property Type: Residential Income

Area: C17 - Mid-Wilshire

Property SubType: Apartment

Building and Construction

Property Age: 64

Common Walls: No Common Walls

Structure Type: Apartment

Year Built Source: Public Records

Entry Level: 1

Entry Location: Front

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
822 S Windsor Boulevard.., Los Angeles, CA,90005 $799,000 2 1 1,290 8980 Sqft
854 S Normandie Avenue, Los Angeles, CA,90005 $4,900,000 -- -- -- 13240 Sqft
836 S Catalina Street, Los Angeles, CA,90005 $2,250,000 8 -- 5,322 7249 Sqft
821 S Wilton Place, Los Angeles, CA,90005 $3,985,000 1 -- 10,786 8999 Sqft
837 S Berendo Street #1, Los Angeles, CA,90005 $2,050,000 8 -- 5,732 7499 Sqft
2885 Francis Avenue, Los Angeles, CA,90005 $1,995,000 12 -- 5,846 8057 Sqft
702 Crenshaw Boulevard, Los Angeles, CA,90005 $1,950,000 10 5 2,691 10491 Sqft
4027 Leeward Avenue, Los Angeles, CA,90005 $1,649,000 4 2 2,168 7236 Sqft
670 Crenshaw Boulevard, Los Angeles, CA,90005 $1,999,000 8 5 4,903 6196 Sqft
893 S Norton Avenue, Los Angeles, CA,90005 $1,490,000 2 2 1,975 7914 Sqft

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ByOwner last updated this listing 05/06/2024 @ 08:19

MLS: WS23141948
LISTED BY: THOMAS LO, Thomas Iping Lo, Broker
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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