430 S Gramercy Place, Los Angeles, CA 90020

About this property

Gramercy Townhouse, a 30-unit apartment community located in prime Wilshire Center; North of Wilshire & West of Western. This property provides an opportunity to acquire a value-add asset in one of the most desirable neighborhoods in Los Angeles. Built in 1964, Gramercy Townhouse is a three-story, 30-unit apartment community located on South Gramercy Place in Los Angeles, CA. The property is comprised of one residential building totaling 20,547 square feet, situated on a 0.34-acre site. The apartment homes feature efficiencies, studios, one-bedroom and two-bedroom floor plans. Gramercy Townhouse boasts a spacious courtyard, swimming pool, patio tables with umbrellas, elevator, gated garage parking, and laundry room. Potential to add 2 ADU’s, one studio that already has new plumbing, the other slightly heavier lift for ~725 square feet. Units not touched in terms of modernization.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$7,150,000

Sold February 2023 · listed $8,500,000, on market January 2023 · MLS #OC23004064 · Source: CRMLS

Listing Agent: Brett Bayless · Listing Office: Brett Bayless, Broker · Contact: 949-887-2465 · Bought with: Brett Bayless · Brett Bayless, Broker

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