736 S Gramercy Dr - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$1,699,990 USD
281-825-1305
736 S Gramercy Dr, Los Angeles, CA for Sale
$1,699,990 USD
Apartments - FOR SALE
1/7
null | 5.32% Cap Rate

736 S Gramercy Dr
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • $100,000 Price Reduction!!! Motivated Seller!!!
  • Value-Add Opportunity - M2M Low Rents (Tenants Willing to Relocate)
  • Tenants Pay Trash, Gas & Electric
  • Recent Renovations including Copper Plumbing, New Water Heater, New Electrical Panel etc.
  • First Time on the Market in More than 10 Years
  • Prime Koreatown Location with Walkability Score of 91 (Close to Wilshire/Western Metro Station)

OVERVIEW

Keller Williams Commercial is proud to present a prime 7-unit multifamily investment opportunity at 736 S Gramercy Dr, ideally located in the vibrant heart of Koreatown. Just west of Western Avenue, this recently updated property features a diverse unit mix consisting of four one-bedroom units and three two-bedroom units. . With significantly below market rents, the property offers strong value-add potential for investors seeking upside through rent repositioning. Potential proforma 8.84 GRM and 8.49% cap rate. . Boasting a Walk Score of 91, the building is situated in one of Koreatown’s most desirable neighborhoods, within easy walking distance of popular Korean eateries, trendy cafes, and a wide array of retail destinations.

FOR SALE DETAILS

PRICE

$1,699,990 USD

PRICE/SF

$280 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,856

CAP RATE

5.32%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR4

APN/PARCEL ID

5092-028-016

ASK ABOUT THIS PROPERTY

Tom ParkKW CommercialMore Info
281-825-1305

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Tom ParkKW CommercialMore Info
281-825-1305

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