1554 S Gramercy Place Los Angeles, CA ^$ 4,299,000

1554 S Gramercy Place

^$ 4,299,000

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1554 S Gramercy Place

Los Angeles, CA, 90019

^$ 4,299,000

Bedrooms23 Baths20.0 Sq 13,792

Monthly Estimate*

^$ 30,030

Listed by CBRE, Inc.

1554 S Gramercy Place, Los Angeles, CA 90019 - Image 1

1554 S Gramercy Place, Los Angeles, CA 90019 - Image 2

1554 S Gramercy Place, Los Angeles, CA 90019 - Image 3

1554 S Gramercy Place, Los Angeles, CA 90019 - Image 4

1554 S Gramercy Place, Los Angeles, CA 90019 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $4,299,000 with 23 bedrooms and 20 full baths. This 13,792 square foot home was built in 1963 on a lot size of 0.2913.

JUST REDUCED $300,000. A tried-and-true Arlington Heights building on a large corner lot. Mid City buildings, like this, are highly walkable to dining, retail and dining along Venice Blvd. and Western Ave. Secured-access entry to open courtyard-style configuration - and lots of parking in the seismically-retrofitted carports, in addition to a detached parking structure also. Strong, corner lot location, as well. 4% rent increase opportunity in early 2024, too. Part of a 4-Building, 75 unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows: 17 units at 1876 Buckingham Rd. 18 units at 1819 Gramercy Pl. 20 units at 2340-42 Crenshaw Bl.

Multi-Family Active

Price

^$ 4,299,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2913

Year Built

1963

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23324341

Days on Market

189

Features

General

Heating WallFurnace

Cooling None

Zoning LAR4

Year Built 1963

Levels ThreeOrMore

Gross Income 371964.0

County Los Angeles

Net Operating Income 226136.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 10 Freeway to Western left on Venice Blvd to Gramercy Pl.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 12691.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Gramercy

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 169

Standard Status Active

Year Built Source Assessor

Cap Rate 5.26

Exterior

Parking Features Carport

Total Parking 0.0

Lot Size Area 12691.0

Number of Buildings 1

Spa N

Building Area Total 13792.0

Lot Size Acres 0.2913

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Place

Electric On Property Y/N N

Total Baths 20

Internal Only

Street Number 1 1554

* Excluded Features

List By

Cbre, Inc.

Broker

(310) 363-4900

Phone

Affordability Calculator

$30,030

Per Month

Monthly Principal & Interest: $30,030
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 53%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$4,299,000	-6.52%	Price Down
10/24/2023	$4,599,000		Listed Price

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1554 S Gramercy Place, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $4,299,000 with 13,792 sqft and a lot size of 0.2913. 1554 S Gramercy Place has 23 bedrooms, 20.0 baths, and was built in 1963. The property's zip code is 90019 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1554 S Gramercy Place

Multi-Family Home for sale in Los Angeles, CA

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