14
See all 14 photos
$4,050,000
Est. payment /mo
7,008 Sqft Lot
New
453 S Gramercy PL Los Angeles, CA 90020
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25578611
HOA Y/N No
Year Built 1966
Lot Size 7,008 Sqft
Property Description
LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, walkable area with an excellent walk score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within walking distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
Total Parking Spaces 14
Others
Tax ID 5504025021
Special Listing Condition Standard
Listed by Thomas Yong Kim Apple Tree Realty