610 N Gramercy Pl - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$3,020,000 USD
213-421-4675
610 N Gramercy Pl, Los Angeles, CA for Sale
$3,020,000 USD
Apartments - FOR SALE
1/18
null | 5.14% Cap Rate

610 N Gramercy Pl
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • High Rents and Fully Occupied
  • All Separately Metered (Low Maintenance and Expense for Landlord)
  • High CAP Rate
  • Close to 101 freeway and located by Koreatown, Larchmont, Hollywood
  • Great Neighborhood
  • 2 Separate Building on 1 Lot

OVERVIEW

Presenting a 2022 built FULLY LEASED 4-unit townhouse complex with an impressive 5.02% CAP RATE in a quiet and highly desirable part of Los Angeles! Located just minutes from Larchmont Village, Koreatown, and Melrose Hill, the property consists of 2 separate building on one lot. Three of the units have 3 bedrooms 3.5 bathrooms, and one unit is a 2 bedroom 2.5 bathroom unit, all fetching very high and competitive rents. All units have their own unique address and are separately metered for gas, water, and electricity. Each address also has their own trash/recycle bins paid directly from the tenant, minimizing expenses and making it easy to manage for any landlord. Each unit has their own tankless water heaters, recessed lighting, central AC/Heat, laundry machines, built-in microwave, refrigerators, and gas range stove/ovens. 8 parking spaces (including 3 private garage spaces) are available for tenants with the possibility to park 10 cars. This NON-RENT CONTROLLED property is easy to maintain property is a landlord's dream!

FOR SALE DETAILS

PRICE

$3,020,000 USD

PRICE/SF

$592 USD /SF

# OF UNITS

4

PRICE/UNIT

$755,000

CAP RATE

5.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

610 N Gramercy Pl - Fully Leased 4-Unit

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R3-1 Tier 2

APN/PARCEL ID

5522-008-031

ASK ABOUT THIS PROPERTY

Jeremy KimDream Realty & Investments, IncMore Info
213-421-4675

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Jeremy KimDream Realty & Investments, IncMore Info
213-421-4675

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