logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
Street View
icon icon
1 Photos
icon
icon icon
1843 S Gramercy Place
USD 2,695,000
Property ID: SR23158024
icon
1843 S Gramercy Place ,90019
icon --
icon 8899 SqFt
icon Built in 1962
icon USD 303/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
icon
Location Street View
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
9828
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1962
See more icon
Detailed Introduction Of This Home
We are pleased to present the opportunity to acquire Gramercy Place Apartments in the submarket of Arlington Heights (LA Market) and in close proximity to Mid City and Koreatown. This offering includes a 11 unit multifamily building built in 1962 with a foot print of approximately 9,828 SF, sitting on a 8,899 SF Lot zoned LAR3. Gramercy Place Apartments offers an investor a significant value add opportunity with approximately 36% (+/-) of potential upside in rents spread across a desirable unit mix of mostly 2 bedroom units. This well-located multifamily property offers an investor a rare opportunity to secure a good sized asset in a high demand and growth submarket with real reposition opportunity. Arlington Heights is diverse and populated neighborhood in Central Los Angeles with Koreatown to the north, Mid City and Mid-Wilshire to the west, jefferson Park to the south and Harvard Heights to the east. Located centrally in Los Angeles, Arlington Heights is a transit friendly melting pot of cultural influences. Situated just north of the 10 FWY, this neighborhood provides easy access to Culver City to the west and downtown LA to the east. Along La Brea Avenue, Wilshire Blvd, and Western Ave you will find restaurants and popular bars. The stretch of Washington Blvd, anchored by the Underground Museum between 3rd and 6th avenue, is becoming a desirable location for art galleries and boutiques. Nestled right at the convergence of main thoroughfares and freeways, Arlington Heights allows for easy access to the wider region of LA and key employment centers. Gramercy Place Apartments can also be purchased with nearby 22 units located at 3066 W 15th Street. This would allow an investor to purchase 33 units across 2 buildings in close proximity to each other. Please contact us to request an OM(s)
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 1
album
Photos (1)
icon
icon
banner
1843 S Gramercy Place
USD 2,695,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.com
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.com’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder