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
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Data last updated 1/14/2025