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Gramercy
940
Place
East of Hancock Park, South of Wilshire Blvd., North of Olympic Blvd.,
C18 - Hancock Park-Wilshire
S
LAR3
Listing Broker
Real Broker
Max Lee
Max
Lee
Additional Information
Two
55x125
8
2024-03-25
2
2
50
13.0
5081032001
404
Listing Information
CLW-C105754
CLW-X79021
2024-05-14T19:20:49Z
Standard
2024-03-25T00:00:00Z
CRMLS
Property 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.

940 Gramercy Place, Los Angeles, CA 90019

  • Bedrooms : 10
  • Bathrooms (Full) : 8
  • Square Footage: 6,412 Sqft
  • Visits : 10 in 56 days
$2,590,000
Listing ID#24372765
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Property Details
Year Built : 1965
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24372765
Price : $2,590,000
Bedrooms : 10
Bathrooms (Full) : 8
Square Footage : 6,412 Sqft
Lot Area : 6,877 Sqft
Country : US
State : CA
County : Los Angeles
City : Los Angeles
Zip Code : 90019
Parking : Assigned
Status : Active
Building Size : 6412
Mls Status : Active
Appliances : Refrigerator
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