Active

713 N Gramercy PL

LOS ANGELES CA, 90038

$3,695,000


$489.14 per sqft

Active

16 Beds

16 Baths

7,554 sqft

Multi-family

Built in 2024

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!

BB24215884MR

MLS ID

October 23, 2024

Listed

January 14, 2025

Updated

Map

713 N Gramercy PL
LOS ANGELES CA, 90038

Interior Features

Total Stories

3


Bedrooms

16


Total Bathrooms

16


Appliances

Dishwasher, Dryer, Dryer Included, Gas Dryer Hookup, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included


Laundry Description

Dryer, Dryer Included, Gas Dryer Hookup, Inside, Washer, Washer Hookup, Washer Included


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.16 Acres


Architectual Style

Modern


Sewer

Public Sewer

Other Property Details

Area Name

Hollywood


Taxes

$44,318


Tax Frequency

Annually


Days on Market

49


Garage

Yes


Garage Spaces

6


Parking

Garage


Parking Total

10


View

Yes


View Description

City Lights


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAC4

Listed by Elizabeth Maddox with Myunits.com Inc.
Listing Contact: 818-850-8485 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vinnie Park | CA DRE# 02015848 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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Data last updated 1/14/2025

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