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826 S Gramercy Place

Los Angeles, CA 90005

– beds
– baths
– sqft
7,499 sqft lot
1960 build
– on site

This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year and is not included in the gross schedule rent figure. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.

Listed By CRMLS_CA / THOMAS LO / Thomas Iping Lo, Broker / 626-315-8405

Last checked: Checking… • Last updated Mar 2, 2024 •

MLS# WS23141948 —

The Building

Year Built:

1960
Year Built Source:

Public Records
New Construction:

No
Roof:

Asphalt, Flat
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

6293.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

8
Stories Total:

2
# of Separate Gas Meters:

8
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

Front
Flooring:

Carpet, Wood
Number Wall AC:

8
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

West of Western Avenue, East of Wilton Avenue, South of 8th Street, North of 9th Street
Latitude:

34.05720100
Longitude:

-118.31290700

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

7499.0000
Lot Size Acres:

0.1722
Lot Size SqFt:

7499.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

7
Tax Census Tract:

2126.20
Tax Lot:

17
Tax Annual Amount:

29751.00

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard, Trust
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

5092025015

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Gas Range, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Features:

Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Assigned

Extra Units

Number With Disposal:

8
Number With Dishwasher:

8
Number With Refrigerator:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/1/24 Mar 1, 2024	Price Changed	CRMLS_CA	$2,400,000	-5.9%
8/13/23 Aug 13, 2023	Relisted	CRMLS_CA	$2,550,000	7.4% (2.2% / YR)
4/7/20 Apr 7, 2020		CRMLS_CA	$2,375,000

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This multifamily located in Central La, Los Angeles, CA 90005 is currently for sale for $2,400,000. 826 S Gramercy Place is a – square foot multifamily with – beds and – baths that has been on Estately for 263 days. 826 S Gramercy Place is in the Central La neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Wilton Place Elementary School, Los Angeles High School, and John Burroughs Middle School.

Listing Courtesy of: CRMLS_CA and Thomas Iping Lo, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 08:58 on May 02.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.