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$2,495,000

Beds
10
sq ft
6,412

940 S Gramercy Pl, Los Angeles, CA 90019

940 S Gramercy Pl

Los Angeles, CA 90019

  • 82 days on market
A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. 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.

Details

Property type

Lot size

6,877 sq ft

Price per sq ft

$390

Year built

1965

HOA

No

Price History

10/03/2024
CLAW

CLAW #24372765

Removed
$2,590,000
+3.81%
10/02/2024
CLAW

CLAW #24448139

Listed
$2,495,000
-3.67%
03/25/2024
CLAW

CLAW #24372765

Listed
$2,590,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 3:50 PM

Listing updated: 12/18/2024 at 10:05 PM

Listed by: Max Lee, Real Broker Phone #: (619) 663-8680

MLS: CLAW #24448139

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