5700 S Gramercy Place
Los Angeles, CA 90062

  • 4 beds
  • – baths
  • 2,538 sqft
  • 6,386 sqft lot
  • $334 per sqft
  • 1926 build
  • on site

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.

bridgeMLS logo Listing courtesy of BRIDGE / Coldwell Banker Realty

Last checked: Checking… • Last updated Apr 6, 2024 •

MLS# CL23306463 —

This property is listed in more than one place. See it here.

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Walk Score®

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Sale history

Date Event Source Price % Change
2/13/24
Price Changed BRIDGE $849,000 -5.6%
1/13/24
Listed / Active BRIDGE $899,000 48.6% (10.2% / YR)
6/27/22
Price Changed CRMLS_CA

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Listing provided by broker:

Taylor Light

Coldwell Banker Realty

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This multifamily located in South La, Los Angeles, CA 90062 is currently for sale for $849,000. 5700 S Gramercy Place is a 2,538 square foot multifamily with 4 beds and – baths that has been on Estately for 124 days. 5700 S Gramercy Place is in the South La neighborhood of Los Angeles and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Western Avenue Elementary School, Crenshaw Senior High School, and Horace Mann Middle School.

bridgeMLS logo Listing courtesy of Coldwell Banker Realty

bridgeMLS logo Listing Courtesy of: BRIDGE, data current as of 22:34 on May 16.

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