3836 S Gramercy Pl - Apartments FOR SALE


Los Angeles, CA 90062- Leimert Park
$850,000 USD
310-903-9348
3836 S Gramercy Pl, Los Angeles, CA for Sale
$850,000 USD
Apartments - FOR SALE
1/23
null | 5% Cap Rate

3836 S Gramercy Pl
Los Angeles, CA 90062
Leimert Park


HIGHLIGHTS

  • Value add with huge upside in rents - under $2/sf per month
  • Parking on site - one space per unit
  • Low expenses - tenants pay electic and trash.

OVERVIEW

3836 S Gramercy Place is a 6 unit apartment complex. The property is subject to rent control and has very low rents. It is located just west of USC on the southeast corner of South Gramercy Place and West 38th Place in a mostly single family residential neighborhood. It consists of six one bedroom units with parking. The property was built in 1923. The Expo/Western metro rail station is less than a 10 minute walk from the property. Total monthly rent is under $2/sf month. Five units have rent under $1,000/month.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,761 SF

ZONING

LAR1

APN/PARCEL ID

5035-026-016

ASK ABOUT THIS PROPERTY

Keith BrennanBrennan RealtyMore Info
310-903-9348

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Keith BrennanBrennan RealtyMore Info
310-903-9348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.