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BEST 12 UNITS IN TOWN ! MOTIVATE SELLER ! 941 S Gramercy Pl 12 Unit Apartment Building $2,699,999 ($225,000/Unit) 7.04% Cap Rate Los Angeles, CA 90019
EXECUTIVE SUMMARY
HUGE PRICE REDUCTION ALERT!
Best 12 Units in town priced right for quicker sale.
GLOBAL EQUTIY PARTNERS and Eduard Khachatryan proudly bring you this exclusive opportunity.
941 S GRAMERCY PL is a beautiful 12 unit residential income property located in Koreatown neighborhood of Los Angeles. The property features 12 spacious and beautiful 1 Bedroom 1 Bathroom units with 12 assigned parking. Centrally located and close to all amenities of the town this property has always been in high demand rental market. Current monthly gross rental income of $17,600 and $211,200 annually, provide a huge opportunity for rent increase and more profit for the new owner.
More information and details are available upon request.
Email questions or offers to GlendaleBroker@gmail.com
Best 12 Units in town priced right for quicker sale.
GLOBAL EQUTIY PARTNERS and Eduard Khachatryan proudly bring you this exclusive opportunity.
941 S GRAMERCY PL is a beautiful 12 unit residential income property located in Koreatown neighborhood of Los Angeles. The property features 12 spacious and beautiful 1 Bedroom 1 Bathroom units with 12 assigned parking. Centrally located and close to all amenities of the town this property has always been in high demand rental market. Current monthly gross rental income of $17,600 and $211,200 annually, provide a huge opportunity for rent increase and more profit for the new owner.
More information and details are available upon request.
Email questions or offers to GlendaleBroker@gmail.com
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$211,200
|
$28.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$211,200
|
$28.70
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,120
|
$2.87
|
| Net Operating Income |
$190,080
|
$25.83
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $211,200 |
| Annual Per SF | $28.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $211,200 |
| Annual Per SF | $28.70 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,120 |
| Annual Per SF | $2.87 |
| Net Operating Income | |
|---|---|
| Annual | $190,080 |
| Annual Per SF | $25.83 |
PROPERTY FACTS
| Price | $2,699,999 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.04% | Building Size | 7,360 SF |
| Gross Rent Multiplier | 13.25 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | LAR3 | ||
| Price | $2,699,999 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 13.25 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,360 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Gated
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,444 | 550 - 600 |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5081-025-007 | Improvements Assessment | $911,520 (2025) |
| Land Assessment | $2,012,452 (2025) | Total Assessment | $2,923,972 (2025) |
PROPERTY TAXES
Parcel Number
5081-025-007
Land Assessment
$2,012,452 (2025)
Improvements Assessment
$911,520 (2025)
Total Assessment
$2,923,972 (2025)
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BEST 12 UNITS IN TOWN ! MOTIVATE SELLER ! | 941 S Gramercy Pl
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