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Property Description

Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT’S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.

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CLW-C105754
CLW-X79021
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5081032001
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Multi-Family For Sale

940 Gramercy Place, Los Angeles, California 90019

6,412 Sqft
$2,590,000
Listing ID #24372765
Basic Details
Status : Active
DaysOnMarket : 36
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24372765
Price : $2,590,000
Living Area : 6,412 Sqft
Lot Size : 6,877 Sqft
Year Built : 1965
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90019
Price Per Square Foot : $404
ModificationTimestamp : 2024-04-30 17:41:49
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