$3,900,000

509 S Gramercy Place, Los Angeles, CA 90020

8,409

Lot Size

6

# Of Units

Listing Agent
Saadia 'sam' Liberow - Marcus & Millichap

The property is located in a highly sought-after area near Larchmont Village and Hancock Park. The current owners have tastefully upgraded the property during their ownership, which provides a buyer the opportunity to purchase a stabilized asset with strong in-place income. Each 3-bedroom / 2-bathroom is very open and spacious, averaging over 1,800 square feet. The layout lends itself well to family tenants as well as those looking to share a space with roommates. Due to the size of the units, this property has the potential for buyers to live and occupy one of the units while collecting rents from the other tenants. The units have been extensively renovated and come equipped with new kitchens (including dishwashers, ranges, sinks, and cabinets), new bathrooms, new mini splits (in most units), and washers and dryers in each unit. Additionally, each unit has dual access, offering tenants unmatched comfort and flexibility to enter the unit wherever is most preferable to them. The property boasts six (6) garage parking spaces at the rear of the property. A buyer may choose to convert the garages into ADUs Buyer to verify. The upper units offer tenants incredible views of the surrounding neighborhood. What's more, all tenants have access to enjoy the rooftop deck which features a seating area and incredible city views.

Facts & Features

MLS® # 22181147
Price $3,900,000
Bathrooms 0.00
Lot Size 8,409
Year Built 1928
Type Residential Income
Status Active
# Of Units 6

Community Information

Address 509 S Gramercy Place
Area C18 - Hancock Park-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90020

Amenities

Parking Spaces 6
Parking None
Garages None
Is Waterfront No
Has Pool No

Interior

Heating None
Cooling None
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed July 21st, 2022
Days on Market 25
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentSaadia 'sam' Liberow
OfficeMarcus & Millichap

Listing Map

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