1819 S Gramercy Place Los Angeles, CA ^$ 4,299,000

1819 S Gramercy Place

^$ 4,299,000

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1819 S Gramercy Place

Los Angeles, CA, 90019

^$ 4,299,000

Bedrooms33 Baths18.0 Sq 15,851

Monthly Estimate*

^$ 30,030

Listed by CBRE, Inc.

1819 S Gramercy Place, Los Angeles, CA 90019 - Image 1

1819 S Gramercy Place, Los Angeles, CA 90019 - Image 2

1819 S Gramercy Place, Los Angeles, CA 90019 - Image 3

1819 S Gramercy Place, Los Angeles, CA 90019 - Image 4

1819 S Gramercy Place, Los Angeles, CA 90019 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $4,299,000 with 33 bedrooms and 18 full baths. This 15,851 square foot home was built in 1972 on a lot size of 0.4087.

JUST REDUCED $300,000. 1970's construction means LARGE units...in Arlington Heights. Mid City buildings, like this, are highly walkable to dining, retail and dining along Venice Blvd. and Western Ave. Seismically-retrofitted carport parking, as well as open spots in rear. Attractive curb appeal and 20+ years newer than the 'typical' LA building, built in the 50s or 60s. Massive, unrealize upside. Scheduled allowable rent increase of 4% in early 2024.Part of a 4-Building, 75-unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows: 17 units at 1876 Buckingham Rd., 20 units at 1554 S. Gramercy Pl. and 20 units at 2340-42 Crenshaw Bl.

Multi-Family Active

Price

^$ 4,299,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.4087

Year Built

1972

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23324387

Days on Market

188

Features

General

Heating WallFurnace

Cooling None

Zoning LAR3

Year Built 1972

Levels ThreeOrMore

Gross Income 367344.0

County Los Angeles

Net Operating Income 209485.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 10 Freeway exit on Western to Washington Blvd. Turn onto Gramercy.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 18

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 17804.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Gramercy

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 169

Standard Status Active

Year Built Source Assessor

Cap Rate 4.87

Exterior

Parking Features Carport

Total Parking 18.0

Lot Size Area 17804.0

Number of Buildings 1

Spa N

Building Area Total 15851.0

Lot Size Acres 0.4087

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Place

Total Bedrooms 33

Electric On Property Y/N N

Total Baths 18

Internal Only

Street Number 1 1819

* Excluded Features

List By

Cbre, Inc.

Broker

(310) 363-4900

Phone

Affordability Calculator

$30,030

Per Month

Monthly Principal & Interest: $30,030
Monthly Property Taxes: --
Monthly Home Insurance: --

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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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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,000,821

Percent of Sale Price 53%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$4,299,000	-6.52%	Price Down
10/24/2023	$4,599,000		Listed Price

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1819 S Gramercy Place, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $4,299,000 with 15,851 sqft and a lot size of 0.4087. 1819 S Gramercy Place has 33 bedrooms, 18.0 baths, and was built in 1972. The property's zip code is 90019 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1819 S Gramercy Place

Multi-Family Home for sale in Los Angeles, CA

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