713 Gramercy Place, Los Angeles, CA 90038
  • MLS#: BB24215884 ( Quadruplex )
  • Street Address: 713 Gramercy Place
  • Viewed: 9
  • Price: $3,695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 87
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90038
  • Provided by: Myunits.com Inc.
  • Contact: Elizabeth Elizabeth
  • California Regional MLS IDX
  • DMCA Notice
  • 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 builders warranty and all new everything, this is an excellent investment opportunity. We project this stable asset will go up year after year!
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Dishwasher
  2. Gas Oven
  3. Gas Range
  4. Microwave
  5. Refrigerator
Architectural Style
  1. Modern
Association Fee
  1. 0.00
Building Area Total
  1. 7554.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 50
Electric
  1. Standard
Electric Expense
  1. 600.00
Fireplace Features
  1. None
Flooring
  1. Vinyl
Garage Spaces
  1. 6.00
Gardner Expense
  1. 1200.00
Heating
  1. Central
Insurance Expense
  1. 4532.00
Laundry Features
  1. Dryer Included
  2. Gas Dryer Hookup
  3. Inside
  4. Washer Hookup
  5. Washer Included
Levels
  1. Three Or More
Lot Features
  1. Landscaped
Netoperatingincome
  1. 203321.00
Newtaxesexpense
  1. 44318.00
Parcel Number
  1. 5535014024
Parking Features
  1. Garage
  2. Off Street
Pool Features
  1. None
Postalcodeplus4
  1. 4102
Property Type
  1. Quadruplex
Property Condition
  1. Turnkey
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 425476365:CRM
Spa Features
  1. None
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 10990.00
Totalexpenses
  1. 52250.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 4.00
View
  1. City Lights
  2. Neighborhood
Virtual Tour Url
  1. https://youtu.be/nuFLw1D25Bo
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 2024
Year Built Source
  1. Builder
Zoning
  1. LAC4