1634 S Gramercy Pl
Los Angeles, CA 90019
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 5,448 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 1.47/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,448 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | LAR3 |
About 1634 S GRAMERCY PL , LOS ANGELES, CA 90019
5,448 SF 8 BED 4 BATH 4PLEX with massive 11,602 SF Lot RD1.5 TOC Tier 2 DELIVERED VACANT COMES WITH 5 - 6 UNITS WITH POSSIBLE RTI 9% PROFORMA CAP RATE. Well maintained charming Colonial style 4 plex in Mid City on a quiet tree lined extra wide street. Good mix of Large 2 bedroom and 1 bathroom units which comes completely vacant and also with a possible Ready To Issue plan to renovate the property into 5 or 6 unit apartment with almost triple amount of bedrooms that consists 3 4 bedrms, 1 5 bedroom and 1 3 bedrm above garage or 2 1 bedrms above garage by reorganizing the generous given space & the lot. This is the perfect opportunity for owner-user or investors looking for value add to spend the least amount of money to convert into amazing cash flow income property that would result whopping 9% Pro Forma CAP RATE. Separately metered w/ plenty of parking space due to massive sized lot! 11,602 sq ft lot also calls for all developers attention! Clean RD1.5 with potential to build 8 units
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 4 | - | 1,563 |
Property Taxes
| Parcel Number | 5073-015-007 | Improvements Assessment | $729,345 |
| Land Assessment | $1,695,428 | Total Assessment | $2,424,773 |
Property Taxes
