1828 South Gramercy Place

Los Angeles, CA 90019

$2,250,000
Price
8
Beds
8
Baths
3,810 Sq. Ft.
$591 / Sq. Ft.
3,810
Sq. Ft.
$591
per Sq. Ft.

Description

This is 5 Unit building in Historic Arlington Heights has been lovingly restored by the owner. He has renovated 100% of each unit and will deliver vacant for the new owner to capture market rent with their own tenants. There is a 3BR- 2 1/2BA Main Unit (Perfect for owner/user), a 2BR/1BA upper unit, a 2BR/1.5BA cottage, 1BR/1BA cottage and a Bachelor unit. All feature kitchen and baths, new floors, new appliances, Split AC, tankless water heaters and are rent-ready. Some of the units have dishwashers...This is 5 Unit building in Historic Arlington Heights has been lovingly restored by the owner. He has renovated 100% of each unit and will deliver vacant for the new owner to capture market rent with their own tenants. There is a 3BR- 2 1/2BA Main Unit (Perfect for owner/user), a 2BR/1BA upper unit, a 2BR/1.5BA cottage, 1BR/1BA cottage and a Bachelor unit. All feature kitchen and baths, new floors, new appliances, Split AC, tankless water heaters and are rent-ready. Some of the units have dishwashers and laundry. There is brand new concrete for the driveway and patios and the front gate has a brand-new motor
  1. Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Nicholas Ensbury • DRE #02012167 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1828 South Gramercy Place

Zoning
LAR4
Parcel Number
5073016005
Total Units
5.0
Living Area
3810
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
$4842
Lot Size Area
8932
LISTING UPDATED: 11/25/2024 12:00 AM

Property Details for 1828 South Gramercy Place

StatusActive
MLS #24-442662
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.21 AC / 8,932 SF
CountyLos Angeles County

Building Information for 1828 South Gramercy Place

Stories2Residences-Year Built1905Building Size-Lot Size0.21 AC / 8,932 SF

Property Information for 1828 South Gramercy Place

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Residential
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $156,558
  • Net Operating Income: $103,755.00
  • Gross Income: $161,400
  • Cap Rate: 4.61%
  • Gross Rent Multiplier: $13.94
  • Financial Info as Of: 09/16/2024
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 52803
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.2051
  • Lot Size Square Feet: 8932
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 4
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • New Construction: No
  • Other Structures: GuestHouse
Lease Terms
Lease Terms
  • Entry Date: 09-20-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
  • Number of Dishwasher: 2
  • Number of Disposal: 5
  • Number of Electric Meters: 5
  • Number of Gas Meters: 5
  • Number Patio: 2
  • Number Range: 5
  • Number Refrigerator: 5
  • Number Wall AC: 5
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $273,409.00
  • Assessed Improvement Percent: 29.41
  • Assessed Land Value: $656,187.00
  • Assessed Land Percent: 70.59
  • Assessed Total Value: $929,596.00

Property History for 1828 South Gramercy Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1828 South Gramercy Place

Taxable ValueLand$669,310Additions$279,097Total$948,407
Tax Record2024$12,008 ($1,001 / month)
Home Facts
Total Finished SqFt3,810 SqFtAbove Grade Finished SqFt3,810 SqFtLot Size8,929 SqFtStyleQuadraplexYear Built1905ZoningLAR4CountyLOS ANGELESAPN5073-016-005

Schools near 1828 South Gramercy Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Crown Preparatory Academy
Charter5 to 8

Pio Pico Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1828 South Gramercy Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on September 16, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,250,000. It has been on the market for a total of 42 days and was last sold on November 29, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Fourth Street Elementary School, Carson-Gore Academy Of Enviornmental Studies and Crown Preparatory Academy. 1828 South Gramercy Place is a 8-bed, 8-bath, 3,810 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Keith Moret, DRE #01802527; Lyon Stahl Investment Real Estate, Inc., Nicholas Ensbury, DRE #02012167

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.