Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    713 Gramercy Place, Los Angeles, CA 90038
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    713 Gramercy Place
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    • MLS#: BB24215884 ( Quadruplex )
    • Street Address: 713 Gramercy Place
    • Viewed: 10
    • Price: $3,695,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 2024
    • Bldg sqft: 0
    • Days On Market: 92
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90038
    • Provided by: Myunits.com Inc.
    • Contact: Elizabeth Elizabeth
    • California Regional MLS IDX
    • DMCA Notice
    • 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 builders warranty and all new everything, this is an excellent investment opportunity. We project this stable asset will go up year after year!
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    Features
    Appliances
    1. Dishwasher
    2. Gas Oven
    3. Gas Range
    4. Microwave
    5. Refrigerator
    Architectural Style
    1. Modern
    Association Fee
    1. 0.00
    Building Area Total
    1. 7554.00
    Commoninterest
    1. None
    Common Walls
    1. No Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Days On Market
    1. 50
    Electric
    1. Standard
    Electric Expense
    1. 600.00
    Fireplace Features
    1. None
    Flooring
    1. Vinyl
    Garage Spaces
    1. 6.00
    Gardner Expense
    1. 1200.00
    Heating
    1. Central
    Insurance Expense
    1. 4532.00
    Laundry Features
    1. Dryer Included
    2. Gas Dryer Hookup
    3. Inside
    4. Washer Hookup
    5. Washer Included
    Levels
    1. Three Or More
    Lot Features
    1. Landscaped
    Netoperatingincome
    1. 203321.00
    Newtaxesexpense
    1. 44318.00
    Parcel Number
    1. 5535014024
    Parking Features
    1. Garage
    2. Off Street
    Pool Features
    1. None
    Postalcodeplus4
    1. 4102
    Property Type
    1. Quadruplex
    Property Condition
    1. Turnkey
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 425476365:CRM
    Spa Features
    1. None
    Tenant Pays
    1. All Utilities
    Totalactualrent
    1. 10990.00
    Totalexpenses
    1. 52250.00
    Trash Expense
    1. 0.00
    Uncovered Spaces
    1. 4.00
    View
    1. City Lights
    2. Neighborhood
    Views
    1. 10
    Virtual Tour Url
    1. https://youtu.be/nuFLw1D25Bo
    Water Source
    1. Public
    Window Features
    1. Double Pane Windows
    Year Built
    1. 2024
    Year Built Source
    1. Builder
    Zoning
    1. LAC4
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836