4817 S Gramercy Place, Los Angeles, CA 90062

About this property

Incredible investment opportunity with potential to be over a 6.75% cap rate! This property is perfect for an Investor who is looking for a low-maintenance income property centrally located, close to shopping centers, schools, parks, public transportation and short drive to Downtown LA and it's amenities. Completely remodeled. Building has individual water heaters, separate gas meters and one water meter. All utilities are billed back to tenants so there are very low landlord expenses. Room for 4 car parking in the back which can be rented out to tenants for additional income. Laundry machines owned by landlord which also provide extra income. Parking and laundry income are not currently reflected in the building income.

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold December 2021 · listed $1,249,000, orig. $1,299,000, on market June 2021 · MLS #21754180 · Source: CRMLS

Listing Agent: Joseph Segal · Listing Office: Kingstone Properties, Inc. · Contact: 310-363-0100 · Bought with: EDWARD LIN · TOP CITY REALTY & INVESTMENT

$985,000

Sold August 2019 · listed $949,000, on market June 2019 · MLS #19469828 · Source: CRMLS

Listing Agent: Nadia Fahimian · Listing Office: ZARA Equity Corp. · Contact: 424-777-9040 · Bought with: John Campbell · PLG Estates

$575,000

Sold March 2018 · listed $625,000, orig. $675,000, on market January 2017 · MLS #17198344 · Source: CRMLS

Listing Agent: Gloria Chapman · Listing Office: Spalding & Associates · Contact: 310-837-4176 · Bought with: Avraham Khordian · Living In America Financial

Explore Los Angeles