About 826 S Gramercy Pl
This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year and is not included in the gross schedule rent figure. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.
Features of 826 S Gramercy Pl
| MLS® # | WS23141948MR |
|---|---|
| Price | $2,400,000 |
| Bedrooms | 11 |
| Bathrooms | 11.00 |
| Square Footage | 6,293 |
| Acres | 0.17 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 826 S Gramercy Pl |
|---|---|
| Area | Mid-Wilshire |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90005 |
Amenities
| Garages | Assigned |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Range |
|---|---|
| Heating | Wall |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Roof | Asphalt Shingle, Flat Roof |
|---|
Additional Information
| Date Listed | August 11th, 2023 |
|---|---|
| Days on Market | 269 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Thomas Lo (01842952) |
|---|---|
| Office | Thomas Iping Lo, Broker |