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940 S Gramercy Place
USD 2,590,000
Property ID: 23315523
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940 S Gramercy Place ,90019
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icon 6875 SqFt
icon Built in 1965
icon USD 377/SqFt
icon 10 Beds
icon 8 Full
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Location Street View
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Interior Details
Bedrooms
10
Bathrooms
8
Interior Size
6412
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1965
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Detailed Introduction Of This Home
HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 33 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, THERE ARE NO RUSTED PLUMBING PIPES IN THE GARAGE. RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. THERE IS NO ONE CRACK IN THIS BUILDING. BUYER TO VERIFY ALL FACTS.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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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
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940 S Gramercy Place
USD 2,590,000 10 Beds
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