914 S Gramercy Drive Los Angeles, CA ^$ 4,200,000

914 S Gramercy Drive

^$ 4,200,000

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Recently Listed

914 S Gramercy Drive

Los Angeles, CA, 90019

^$ 4,200,000

Bedrooms16 Baths16.0 Sq 10,304

Monthly Estimate*

^$ 29,338

Listed by Masters Realty & Investment

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Multi-Family Home for sale in Los Angeles, CA

for $4,200,000 with 16 bedrooms and 16 full baths. This 10,304 square foot home was built in 1953 on a lot size of 0.3443.

This is a very well-maintained apartment located in the Hancock Park area. It is a gated complex and is located in a quiet and safe neighborhood. There are many luxury condos and expensive houses nearby with new luxury rental apartments being built nearby currently. This is a great opportunity for investors. The listing includes both 914-916 and 918-920 Gramercy Drive, each with 8 units (16 total). Most tenants are long term, responsible tenants who make timely rent payments. The property is renting below market but considering the current rental price in the Hancock Park area, this property has great potential.

Multi-Family Active

Price

^$ 4,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3443

Year Built

1953

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24382951

Days on Market

Features

General

Heating WallFurnace

Cooling WallWindowUnits

Possession CloseOfEscrow

Zoning LAR3

Security Features GatedCommunity

Year Built 1953

Tenant Pays CableTV Electricity Gas

Stories 2

Levels Two

Gross Income 246600.0

Community Features Gated

County Los Angeles

Net Operating Income 198600.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions North of Olympic Blvd & West of Western Ave.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 16

MLS Area C18 - Hancock Park-Wilshire

Lot Size Square Feet 14998.0

Private Pool N

Waterfront Y/N N

Carport Spaces 16.0

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 8

Standard Status Active

Occupancy Description Tenant

Cap Rate 4.72

Exterior

Parking Features Carport

Total Parking 16.0

Lot Size Area 14998.0

Number of Buildings 2

Spa N

Building Area Total 10304.0

Lot Size Acres 0.3443

Lot Size Units SquareFeet

Lot Size Source Appraiser

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 16

Internal Only

Street Number 1 914

* Excluded Features

List By

Masters Realty & Investment

Broker

(213) 605-2423

Phone

Affordability Calculator

$29,338

Per Month

Monthly Principal & Interest: $29,338
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly 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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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,994,800

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
4/22/2024	$4,200,000		Listed Price

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914 S Gramercy Drive, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $4,200,000 with 10,304 sqft and a lot size of 0.3443. 914 S Gramercy Drive has 16 bedrooms, 16.0 baths, and was built in 1953. 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 5/3/2024. 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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914 S Gramercy Drive

Multi-Family Home for sale in Los Angeles, CA

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