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Los Angeles, CA 90019 1819 S Gramercy Place

$4,299,000

1819 S Gramercy Place Los Angeles, Ca - Image 11819 S Gramercy Place Los Angeles, Ca - Image 21819 S Gramercy Place Los Angeles, Ca - Image 3
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1819 S Gramercy Place Los Angeles, Ca - Image 4
Presented By: Brice Head with CBRE, Inc.;
  • MLS# 23324387
  • 10/23/2023
  • Request Tour
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  • BedBeds • 33
  • BathBaths • 18
  • FootageSQFT • 15,851

Home Details

JUST REDUCED $300,000. 1970's construction means LARGE units...in Arlington Heights. Mid City buildings, like this, are highly walkable to dining, retail and dining along Venice Blvd. and Western Ave. Seismically-retrofitted carport parking, as well as open spots in rear. Attractive curb appeal and 20+ years newer than the 'typical' LA building, built in the 50s or 60s. Massive, unrealize upside. Scheduled allowable rent increase of 4% in early 2024.Part of a 4-Building, 75-unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows: 17 units at 1876 Buckingham Rd., 20 units at 1554 S. Gramercy Pl. and 20 units at 2340-42 Crenshaw Bl.
Presented By: Brice Head with CBRE, Inc.;

Interior Features for 1819 S Gramercy Place

Bedrooms

Total Bedrooms33

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths18

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixPlace
Total Stories3

General for 1819 S Gramercy Place

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.87
Carport Y/NYes
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market169
Directions10 Freeway, exit on Western, to Washington Blvd. Turn onto Gramercy.
Garage Y/NNo
Gross Income367344.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet17804.0
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income209485.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameGramercy
Total Units18
View Y/NNo
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor
ZoningLAR3

Exterior for 1819 S Gramercy Place

Building Area Total15851.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.4087
Lot Size Area17804.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCarport
SpaNo
Total Parking18.0

Additional Details

Price History

1527188455

First Team Client Services

Price $4,299,000
MLS#23324387
List Date 10/23/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors