713 N Gramercy PL Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB24215884
Construction Status Turnkey
HOA Y/N No
Year Built 2024
Annual Tax Amount $44,318
Lot Size 6,756 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC4
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer
Laundry Washer Hookup,Gas Dryer Hookup,Inside
Exterior
Parking Features Garage,Off Street
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights,Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 5535014024
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard