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4817 S Gramercy Place

Los Angeles (City), CA 90062
  • $1,249,000
  • STATUS: Active
  • ON SITE: 116 Days
  • ID#: 21754180
$1,249,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1919
County:

School Ratings & Info

Description

Incredible investment opportunity with potential to be over a 6.75% cap rate! This property is perfect for an Investor who is looking for a low-maintenance income property centrally located, close to shopping centers, schools, parks, public transportation and short drive to Downtown LA and it's amenities. Completely remodeled. Building has individual water heaters, separate gas meters and one water meter. All utilities are billed back to tenants so there are very low landlord expenses. Room for 4 car parking in the back which can be rented out to tenants for additional income. Laundry machines owned by landlord which also provide extra income. Parking and laundry income are not currently reflected in the building income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/118811515
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4817 S Gramercy Place Los Angeles (City), CA 90062

  • Price: $1,249,000
  • Status: Active
  • ID#: 21754180
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1919
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
Incredible investment opportunity with potential to be over a 6.75% cap rate! This property is perfect for an Investor who is looking for a low-maintenance income property centrally located, close to shopping centers, schools, parks, public transportation and short drive to Downtown LA and it's amenities. Completely remodeled. Building has individual water heaters, separate gas meters and one water meter. All utilities are billed back to tenants so there are very low landlord expenses. Room for 4 car parking in the back which can be rented out to tenants for additional income. Laundry machines owned by landlord which also provide extra income. Parking and laundry income are not currently reflected in the building income.
Exterior Features

Parking Features Uncovered

Interior Features

Cooling None Cooling YN No Heating None Heating YN No

Property Features

Gross Income 104100 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 85362 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar4

Listing provided courtesy of Joseph Segal of Kingstone Properties, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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