Los Angeles, CA 90004 610 N Gramercy Place
$3,100,000
18 more
Presented By: Jeremy Kim with Dream Realty & Investments Inc;
Home Details
Presenting a 2022 built FULLY LEASED 4-unit townhouse complex with an impressive 5.02% CAP RATE in a quiet and highly desirable part of Los Angeles! Located just minutes from Larchmont Village, Koreatown, and Melrose Hill, the property consists of 2 separate building on one lot. Three of the units have 3 bedrooms 3.5 bathrooms, and one unit is a 2 bedroom 2.5 bathroom unit, all fetching very high and competitive rents. All units have their own unique address and are separately metered for gas, water, and electricity. Each address also has their own trash/recycle bins paid directly from the tenant, minimizing expenses and making it easy to manage for any landlord. Each unit has their own tankless water heaters, recessed lighting, central AC/Heat, laundry machines, built-in microwave, refrigerators, and gas range stove/ovens. 8 parking spaces (including 3 private garage spaces) are available for tenants with the possibility to park 10 cars.This NON-RENT CONTROLLED property is easy to maintain property is a landlord's dream!
Presented By: Jeremy Kim with Dream Realty & Investments Inc;
Interior Features for 610 N Gramercy Place
Bedrooms
Total Bedrooms11
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths15
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories3
General for 610 N Gramercy Place
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate5.02
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
Days on Market8
DirectionsEast of Wilton Pl and South of Melrose Pl on Gramercy Pl
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income192600.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet5423.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income155575.0
New ConstructionNo
NumberOfUnitsTotal4
Pool FeaturesNone
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built2022
Year Built SourceBuilder
ZoningLAR3
Exterior for 610 N Gramercy Place
Building Area Total4984.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions43x109
Lot Size Acres0.1245
Lot Size Area5423.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned, ControlledEntrance, DoorSingle, Driveway, Garage
SpaNo
Total Parking8.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480