713 N Gramercy Place, Los Angeles, CA 90038
-
Listed Price :
$3,695,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
2024
Property Description
713 N Gramercy Pl is an ultra-high-end Larchmont Village 2024 fourplex that is FULLY LEASED with A+ tenants! This entire fourplex was rented in record speed (in the midst of the holidays) due to the unique and upscale nature of these units and the fantastic central location. The tenant demand was massive!!! Thanks to the strong rents, this will be delivered at a real 5.5% cap rate. We project that upon future re-rental of these units the rent will be exponentially higher outside of the holiday season- meaning massive future growth on this A+ piece of real estate.
This exquisite non-rent-controlled property is made up of ALL 4 bedroom townhome-style units with top-tier finishes, huge decks off the living space, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. With 10 parking spots (6 garage and 4 exterior), this property offers an unheard-of parking advantage in the area. The unbeatable location, combined with the impressive units and the fantastic outdoor space with city views makes this the easiest property to rent out! AKA low vacancy rate!
With low vacancy rate, high return, minimal expenses, no rent control, all separate meters, presence in an opportunity zone, a 1-year builder’s warranty and all new everything, this is an excellent investment opportunity. We project this stable asset will go up year after year!
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Gas Dryer Hookup, Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Vinyl |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
713 N Gramercy Place |
| City |
Los Angeles |
| State |
CA |
| Zip |
90038 |
| County |
Los Angeles |
| Listing Agent |
Elizabeth Maddox DRE #01921425 |
| Co-Listing Agent |
Isaac Davidi DRE #01819489 |
| Courtesy Of |
Myunits.com Inc. |
| List Price |
$3,695,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
6,756 |
| Year Built |
2024 |
Listing information courtesy of: Elizabeth Maddox, Isaac Davidi, Myunits.com Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 8th, 2025 at 1:05 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
