16
See all 16 photos
$2,695,000
Est. payment /mo
12 Beds
12 Baths
7,360 SqFt
New
941 S Gramercy PL Los Angeles, CA 90019
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,360 sqft
Price per Sqft $366
MLS Listing ID 26985675
Bedrooms 12
HOA Y/N No
Year Built 1964
Lot Size 6,869 Sqft
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
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Total Parking Spaces 14
Building
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5081025007
Special Listing Condition Standard
Listed by Jae Young Lee Ivy Realty Co. #01270965
Nearby Locations
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