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826 S Gramercy Place Los Angeles, CA $ 2,400,000
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826 S Gramercy Place
$ 2,400,000
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826 S Gramercy Place

Los Angeles, CA, 90005
$ 2,400,000
Bedrooms11 Baths11.0 Sq 6,293

Monthly Estimate*

$ 16,765

Listed by Thomas Iping Lo, Broker
826 S Gramercy Place, Los Angeles, CA 90005 - Image 1
826 S Gramercy Place, Los Angeles, CA 90005 - Image 2
826 S Gramercy Place, Los Angeles, CA 90005 - Image 3
826 S Gramercy Place, Los Angeles, CA 90005 - Image 4
826 S Gramercy Place, Los Angeles, CA 90005 - Image 5
826 S Gramercy Place, Los Angeles, CA 90005 - Image 6
826 S Gramercy Place, Los Angeles, CA 90005 - Image 7
826 S Gramercy Place, Los Angeles, CA 90005 - Image 8
826 S Gramercy Place, Los Angeles, CA 90005 - Image 9

Multi-Family Home for sale in Los Angeles, CA

for $2,400,000 with 11 bedrooms and 11 full baths. This 6,293 square foot home was built in 1960 on a lot size of 0.1722.

This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year and is not included in the gross schedule rent figure. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.

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Multi-Family Active

Price

$ 2,400,000

Bedrooms

11

Full Bath

11

Property Type

Multi-Family

Taxes

$ 29,751

Style

Apartment

Lot Size

0.1722

Year Built

1960

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

WS23141948

Days on Market

268
Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Flat
Appliances Dishwasher Disposal GasRange Refrigerator
Zoning LAR3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1960
Electric ElectricityOnProperty
Tenant Pays Electricity Gas Water
Stories 2
Levels Two
Property SubType Apartment
Gross Income 2400.0
Community Features Suburban
County Los Angeles
Net Operating Income 104419.0
Operating Expense 49383.0
Insurance Expense 5220.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard Trust
Status Active
Directions West of Western Avenue East of Wilton Avenue South of 8th Street North of 9th Street
City Los Angeles
Disclosures RentControl
Entry Location Front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 0.0
Total Units 8
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 7499.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Street Name Gramercy
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 29751.0
Electric Expense 720.0
Home Warranty Y/N N
Fuel Expense 1212.0
Trash Expense 4020.0
Water Sewer Expense 6900.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 201
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 17
Property Sub Type Additional Apartment
Taxes 29751.0
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Interior
Flooring Carpet Wood
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Place
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Assigned
Lot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Lot Size Area 7499.0
Number of Buildings 1
Spa N
Building Area Total 6293.0
Lot Size Acres 0.1722
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 826
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* Excluded Features
List By
Thomas Iping Lo, Broker

Broker

(626) 940-6865

Phone

Affordability Calculator

$19,244
Per Month
87%
13%
0%
Monthly Principal & Interest
$16,765
Monthly Property Taxes
$2,479
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/2/2024$2,400,000 -5.88% Price Down
8/14/2023$2,550,000 Listed Price

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826 S Gramercy Place, Los Angeles, CA, 90005 is a Multi-Family Home for sale at $2,400,000 with 6,293 sqft and a lot size of 0.1722. 826 S Gramercy Place has 11 bedrooms, 11.0 baths, and was built in 1960. The property's zip code is 90005 which is in Los Angeles, CA

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