1518 S Gramercy Pl | Los Angeles, CA 90019
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1518 S Gramercy Pl
Los Angeles, CA 90019
Specialty Property For Sale
·
7,193 SF
Investment Highlights
- The existing property allows for flexible use (i.e. live/work studio, religious use, other).
- The subject property is zoned [Q]R4-CPIO and allows medium to high density residential development or elderly care.
- The subject property is 1.5 miles south of Koreatown, 3.5 miles southeast of Miracle Mile, 2.5 miles west of Downtown Los Angeles, and 4.5 miles south
- A developer/investor can also reconfigure the rooms as units to increase cashflow potential.
- The asset is located in a TOC TIER 2 area, allowing increased density, less parking, and additional stories.
- The location boosts a Walk Score of 85 and Transit Score of 64, with multiple transit stops along Pico Boulevard, Venice Boulevard, and Western Avenue
Property Facts
| Property Type | Specialty | Building Size | 7,193 SF |
| Property Subtype | Religious Facility | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1933/2024 |
| Lot Size | 0.30 AC | Parking Ratio | 1.11/1,000 SF |
| Zoning | [Q]R4-1-CPIO - Call for details- verify with City of LA | ||
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 7,193 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1933/2024 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | [Q]R4-1-CPIO - Call for details- verify with City of LA |
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 5073-007-013 | Improvements Assessment | $800,000 |
| Land Assessment | $2,430,000 | Total Assessment | $3,230,000 |
Property Taxes
Parcel Number
5073-007-013
Land Assessment
$2,430,000
Improvements Assessment
$800,000
Total Assessment
$3,230,000
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