940 Gramercy Place, Los Angeles, CA 90019
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- MLS#: 24448139 ( )
- Street Address: 940 Gramercy Place
- Viewed: 1
- Price: $2,495,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1965
- Bldg sqft: 0
- Days On Market: 155
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90019
- Provided by: Real Broker
- Contact: Max Max
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DescriptionA diamond in the rough~~~ this can be a cash cow for those who can imagine. Possibly more units can be delivered vacant at close of escrow. Huge bedrooms, larger living rooms. First time in the market in 34 years!! Each unit has it's own central a/c. This subject property is a two story 8 unit apartment building constructed in 1965 with classical and modern touch architecture situated on a hard corner lot. The rents are significantly below market. The property could also generate additional income potential using the adu process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to larchmont village, restaurants, and markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, mid wilshire, koreatown, downtown la, usc, and has a walk score of 82 (very walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at coe. Very well maintained building, retrofitting is done. Well gated, quiet street. Coin operated laundry facility. Buyer to verify all facts.
Property Location and Similar Properties
Features
Appliances
- Refrigerator
Building Area Total
- 6412.00
Country
- US
Levels
- One
Netoperatingincome
- 95285.00
Parcel Number
- 5081032001
Parking Features
- Assigned
Postalcodeplus4
- 2153
Sourcesystemkey
- 24-448139:CLAW
Totalexpenses
- 40836.00
Year Built
- 1965
Zoning
- LAR3