$8,500,000

430 S Gramercy Place, Los Angeles, CA 90020

15,018

Lot Size

30

# Of Units

Listing Agent
Brett Bayless - Brett Bayless, Broker - 949-887-2465

Gramercy Townhouse, a 30-unit apartment community located in prime Wilshire Center; North of Wilshire & West of Western. This property provides an opportunity to acquire a value-add asset in one of the most desirable neighborhoods in Los Angeles. Built in 1964, Gramercy Townhouse is a three-story, 30-unit apartment community located on South Gramercy Place in Los Angeles, CA. The property is comprised of one residential building totaling 20,547 square feet, situated on a 0.34-acre site. The apartment homes feature efficiencies, studios, one-bedroom and two-bedroom floor plans. Gramercy Townhouse boasts a spacious courtyard, swimming pool, patio tables with umbrellas, elevator, gated garage parking, and laundry room. Potential to add 2 ADU’s, one studio that already has new plumbing, the other slightly heavier lift for ~725 square feet. Units not touched in terms of modernization.

Facts & Features

MLS® # OC23004064
Price $8,500,000
Bathrooms 0.00
Lot Size 15,018
Year Built 1964
Type Residential Income
Sub-Type Apartment
Status Active
# Of Units 30

Community Information

Address 430 S Gramercy Place
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90020

Amenities

Parking Spaces 28
Parking Driveway, Garage, Controlled Entrance, Gated, On Site, Paved, Storage, Workshop in Garage
# of Garages 28
Garages Driveway, Garage, Controlled Entrance, Gated, On Site, Paved, Storage, Workshop in Garage
Is Waterfront No
Has Pool Yes
Pool Fenced, In Ground, Private

Interior

Interior Carpet, Laminate, Vinyl
Interior Features Ceiling Fan(s), Wired for Data
Appliances Electric Range, Disposal, Refrigerator, Tankless Water Heater, Water Heater
Has Basement No
Fireplace No
# of Stories 3
Stories Three Or More

Exterior

Lot Description Back Yard, Landscaped, Garden
Windows Screens, Garden Window(s)
Roof Membrane

Additional Information

Date Listed January 9th, 2023
Days on Market 17
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentBrett Bayless
OfficeBrett Bayless, Broker
Info949-887-2465

Listing Map

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