453 S Gramercy Pl, Los Angeles, CA 90020
453 S Gramercy Pl, Los Angeles, CA 90020
453 S Gramercy Pl, Los Angeles, CA 90020
26
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$3,800,000
Est. payment /mo
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8 Beds
14 Baths
8,594 SqFt
Price Dropped by $90K

453 S Gramercy Pl Los Angeles, CA 90020

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,594 sqft

Price per Sqft $442

MLS Listing ID 26640199

Bedrooms 8

Year Built 1966

Lot Size 8,008 Sqft

Acres 0.1838

Property Sub-Type Multi-Family

Property Description

LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Kitchen Counter Top, Granite Counters

Interior

Heating Wall Gas

Cooling Air Conditioning

Fireplaces Type None

Equipment Ceiling Fan, Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Covered Parking, Gated

Garage Spaces 13.0

Pool None

Roof Type Bitumen

Handicap Access None

Building

Lot Description Fenced, Gated Community

Foundation Block, Slab, Quake Bracing, Pier and Beam, Concrete Perimeter

Sewer In Street

Water Public, Meter on Property

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Apple Tree Realty

NEARBY SCHOOL & BUSINESS

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Ben Collinsworth

Ben Collinsworth

Agent | RE.S.0180589

+1(702) 553-6827

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453 S Gramercy Pl

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