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$4,299,000

Beds
Unknown
sq ft
13,792

1554 S Gramercy Pl, Los Angeles, CA 90019

1554 S Gramercy Pl

Los Angeles, CA 90019

  • 341 days on market
    • Price drop $300,000↓
JUST REDUCED $300,000. A tried-and-true Arlington Heights building on a large corner lot. Mid City buildings, like this, are highly walkable to dining, retail and dining along Venice Blvd. and Western Ave. Secured-access entry to open courtyard-style configuration - and lots of parking in the seismically-retrofitted carports, in addition to a detached parking structure also. Strong, corner lot location, as well. 4% rent increase opportunity in early 2024, too. Part of a 4-Building, 75 unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows: 17 units at 1876 Buckingham Rd. 18 units at 1819 Gramercy Pl. 20 units at 2340-42 Crenshaw Bl.

Details

Property type

Est. home value

$4,451,809

Lot size

0.2913 acres

Price per sq ft

$312

Year built

1963

Price History

04/03/2024
CLAW

CLAW #23324341

Price change
$4,299,000
-6.52%
11/16/2023
CLAW

CLAW #23324341

Listed
$4,599,000

Schools & Community

Neighborhood: 

Arlington Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Homestreet Bank

Loan start date

August 2020

Original loan amount

$2,567,500

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Building or Construction Loan, 30 year

Seller

1554 S Gramercy Pl Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/28/2024 at 7:20 PM

Listing updated: 04/09/2024 at 5:51 PM

Listed by: Brice Head, CBRE, Inc. Phone #: (310) 363-4900

MLS: CLAW #23324341

CLAW logo

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