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4817 S Gramercy Pl

Los Angeles, CA 90062
  • $1,299,000
  • STATUS: Active
  • ON SITE: 34 days
  • ID#: 21-754180
UPDATED: 33 min ago
$1,299,000
  • 9
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,360
    SQFT
  • $387
    $/SQFT
Neighborhood:
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 the Combined LA/Westside Multiple Listing Service as of 2021-08-02T11:42:33.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/118802645
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4817 S Gramercy Pl Los Angeles, CA 90062

  • Price: $1,299,000
  • Status: Active
  • Updated: 33 min ago
  • ID#: 21-754180
9
Beds
0
Baths
0
½ Baths
0.15
Acres
3,360
SQFT
$387
$/SQFT
1919
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
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

Lot Size Area 6500 Other Structures None Parking Garage Uncovered Total Parking 0

Interior Features

Baths Total 5.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 985000 Gross Income 104100 Gross Operating Income 104100 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 85362.50 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 18737 Type Of Units 3 Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Joseph Segal DRE#01897720 of Kingstone Properties, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T11:42:33.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101