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$ 2,695,000
Est. payment | /mo
7,360 SqFt
$ 2,695,000
Est. payment | /mo
7,360 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,360 sqft
Price per Sqft $366
MLS Listing ID CL26655597
HOA Y/N No
Year Built 1964
Lot Size 6,870 Sqft
Acres 0.16
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5081025007
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Listed by Ki Seon Im • Ivy Realty Co.
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AnnMarie Barajas
Partner | Lic# DRE# 01898810