941 S Gramercy Place, Los Angeles, CA 90019
- $2,695,000
- 12
- BD
- 12
- BA
- 7,360
- SqFt
Listing courtesy of Listing Agent: Jae Young Lee (jaelee1017@hotmail.com) from Listing Office: Ivy Realty Co..
- List Price
- $2,695,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 26985675
- Subtype
- Residential Income
- Year Built
- 1964
- Bedrooms
- 12
- Bathrooms
- 12
- Living Area
- 7,360
- Lot Size
- 6,870
- Acres
- 0.16
- MLS Area Major
- Hancock Park-Wilshire (C18)
Property Description
941 S Gramercy Pl & 210 S Commonwealth Ave, Los Angeles To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! GRM 12.33! Low Expenses & Separately Metered Gas & Electricity! Seller Motivated! Rare opportunity to acquire two well-maintained apartment buildings in prime Los Angeles. Conveniently located just south of 8th Street and west of Western Avenue near Olympic Boulevard, with easy access to Larchmont Village, Country Club Park, Miracle Mile, Hollywood, and Downtown LA.941 S Gramercy Pl features twelve (12) spacious 1-bedroom, 1-bathroom units with upgraded laminate wood flooring and fourteen (14) on-site parking spaces. Low operating expenses and separate gas and electric meters provide efficient ownership. This property generate $17,906/month ($214,872/year) in gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.
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Additional Information
- Zoning
- LAR3
- Heating
- Forced Air
- Stories
- Three Or More Levels
- Levels
- Three Or More
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.