• 5700 S Gramercy Place Los Angeles, CA 90062

  • $849,000
  • 4
    Bed(s)
  • 0
    Baths
  • 2,538
    Sq Ft
  • 6386
    Sqft
  • Listed By: Taylor Light, Coldwell Banker Realty, DRE #02084441
  • Source: CRMLS

Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer / Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, currently vacant - Set your own rent with tenants paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right. This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 3

Full Baths: 0

Half Baths: 0

Interior Features

Exterior Property Features : Dock

Interior Features: Ceiling Fan(s)

Flooring: Carpet,Laminate,Tile

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1926

Building Area Total: 2,538

Exterior Features

Dock

Laundry Features

Stacked

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1466

Lot Size Source: Other

Lot Size Square Feet: 6386

Listing Price Information

Original List Price: 849,000

Listing Contract Date: 2024-01-13

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5005018015

Garage and Parking

Garage Description: Door-Multi,Garage

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: PHHT - Park Hills Heights

Postal Code Plus 4: 2547

Directions: North of Slauson, East of Van Ness, West of Western Ave.

Zoning: LAR2

Source Property Type: Residential Income

Area: PHHT - Park Hills Heights

Building and Construction

Property Age: 98

Common Walls: No Common Walls

Year Built Source: Vendor Enhanced

Total Square Feet Living: 2538

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4032 La Salle Avenue, Los Angeles, CA,90062 $1,200,000 5 3 2,564 7068 Sqft
1496 W Vernon Avenue, Los Angeles, CA,90062 $742,000 6 3 2,107 5474 Sqft
1431 W 49th Street, Los Angeles, CA,90062 $779,000 2 1 1,260 5966 Sqft
5321 Denker Avenue, Los Angeles, CA,90062 $1,280,000 -- -- 3,220 5950 Sqft
5302 S Manhattan Place, Los Angeles, CA,90062 $939,888 5 3 2,612 5675 Sqft
1627 Leighton Avenue, Los Angeles, CA,90062 $819,000 6 3.5 1,616 5434 Sqft
1901 W Martin Luther Ki.., Los Angeles, CA,90062 $1,425,000 -- -- 5,602 9012 Sqft
3803 S St Andrews Place, Los Angeles, CA,90062 $130,000 -- -- -- 1193 Sqft
1447 W 47th Street, Los Angeles, CA,90062 $879,000 5 3 2,027 5694 Sqft
3938 Dalton Ave, Los Angeles, CA,90062 $799,000 3 2 1,526 5360 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/17/2024 @ 03:03

MLS: 23306463
LISTED BY: Taylor Light, Coldwell Banker Realty
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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