tomo logo

$4,299,000

Beds
33
sq ft
15,851

1819 S Gramercy Pl, Los Angeles, CA 90019

1819 S Gramercy Pl

Los Angeles, CA 90019

  • 341 days on market
    • Price drop $300,000↓
JUST REDUCED $300,000. 1970's construction means LARGE units...in Arlington Heights. Mid City buildings, like this, are highly walkable to dining, retail and dining along Venice Blvd. and Western Ave. Seismically-retrofitted carport parking, as well as open spots in rear. Attractive curb appeal and 20+ years newer than the 'typical' LA building, built in the 50s or 60s. Massive, unrealize upside. Scheduled allowable rent increase of 4% in early 2024.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., 20 units at 1554 S. Gramercy Pl. and 20 units at 2340-42 Crenshaw Bl.

Details

Property type

Est. home value

$5,498,221

Lot size

0.4087 acres

Price per sq ft

$272

Year built

1972

HOA

No

Price History

04/03/2024
CLAW

CLAW #23324387

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

CLAW #23324387

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

Jpmorgan Chase Bank Na

Loan start date

September 2020

Original loan amount

$2,250,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Commercial

Seller

1819 S Gramercy 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 7:15 PM

Listing updated: 08/13/2024 at 12:44 PM

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

MLS: CLAW #23324387

CLAW logo

Recently listed in Los Angeles

$1,987,000|2 bd|1.75 ba|House
$950,000|3 bd|3.0 ba|House
$2,795,000|3 bd|2.25 ba|House
$1,799,999|3 bd|2.0 ba|House

Explore top cities in California