Property Description
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.
Features
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: 13
: Assigned
Address Map
U.S.
California
Los Angeles
Los Angeles
90019
940 S Gramercy Place
0
W119° 41' 13.6''
N34° 3' 15.4''
MLS Addon
$0
6,412 Sqft
: No
: No
166
East of Hancock Park, South of Wilshire Blvd., North of Olympic Blvd.,
55x125
: No
2

Residential Income For Sale Los Angeles

940 S Gramercy Place, Los Angeles, Los Angeles, California, 90019

10 Bedrooms
6,412 Sqft
Visits : 8 in 181 days
$2,590,000
Listing ID #24372765
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24372765
Price : $2,590,000
Bedrooms : 10
Square Footage : 6,412 Sqft
Year Built : 1965
Lot Area : 6,877 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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