713 N Gramercy Place Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,554 sqft
Price per Sqft $489
MLS Listing ID CRBB24215884
Bedrooms 16
HOA Y/N No
Year Built 2024
Lot Size 6,756 Sqft
Acres 0.16
Property Description
713 N Gramercy Pl is an ultra-high-end Larchmont Village 2024 fourplex that is FULLY LEASED with A+ tenants! This entire fourplex was rented in record speed (in the midst of the holidays) due to the unique and upscale nature of these units and the fantastic central location. The tenant demand was massive!!! Thanks to the strong rents, this will be delivered at a real 5.5% cap rate. We project that upon future re-rental of these units the rent will be exponentially higher outside of the holiday season- meaning massive future growth on this A+ piece of real estate. This exquisite non-rent-controlled property is made up of ALL 4 bedroom townhome-style units with top-tier finishes, huge decks off the living space, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. With 10 parking spots (6 garage and 4 exterior), this property offers an unheard-of parking advantage in the area. The unbeatable location, combined with the impressive units and the fantastic outdoor space with city views makes this the easiest property to rent out! AKA low vacancy rate! With low vacancy rate, high return, minimal expenses, no rent control, all separate meters, presence in an opportunity zone, a 1-year builder’s warranty and all new everything, this is an excellent investment
Location
State CA
County Los Angeles
Zoning LAC4
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace No
Laundry Dryer,Gas Dryer Hookup,Washer,Other,Inside
Exterior
View Y/N true
View City Lights,Other
Total Parking Spaces 10
Building
Lot Description Landscape Misc
New Construction No
Others
Tax ID 5535014024