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5700 South Gramercy Place Los Angeles, CA $ 849,000
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$ 849,000 Get more info
5700 South Gramercy Place
$ 849,000
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Share Save

5700 South Gramercy Place

Los Angeles, CA, 90062
$ 849,000
Baths0.0 Sq 2,538

Monthly Estimate*

$ 5,931

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $849,000. This 2,538 square foot home was built in 1926 on a lot size of 0.15.

Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer / Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, currently vacant - Set your own rent with tenants paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right. This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

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Multi-Family Active

Price

$ 849,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow

Lot Size

0.15

Year Built

1926

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023306463
Features
General
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Exterior Features Dock Private
Zoning LAR2
Architectural Style Bungalow
Year Built 1926
Levels One
County Los Angeles
Net Operating Income 34135.0
Insurance Expense 2500.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
MLS Area PHHT - Park Hills Heights
Lot Size Square Feet 6386.0
Street Name Gramercy
Water Sewer Expense 2400.0
Standard Status Active
Taxes 9000.0
Buyer Agent Compensation Type %
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Interior
Flooring Tile Laminate Carpet
Common Walls No Common Walls
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Place
Laundry Features Stackable
Total Baths 0
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Exterior
Water Source None
Lot Size Area 6386.0
Building Area Total 2538.0
Lot Size Acres 0.15
Lot Size Units Square Feet
Door Features Double Door Entry
Land Lease Type Fee
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* Excluded Features
List By
Taylor Light

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$5,931
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,931
Monthly Property Taxes
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Monthly 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/14/2024$849,000 -5.56% Price Down
1/16/2024$899,000 Listed Price

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5700 South Gramercy Place, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $849,000 with 2,538 sqft and a lot size of 0.15. 5700 South Gramercy Place is a studio with 0.0 baths and was built in 1926. The property's zip code is 90062 which is in Los Angeles, CA

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