610 North Gramercy Place

Los Angeles, CA 90004

$3,020,000
Price
11
Beds
15
Baths
4,984 Sq. Ft.
$606 / Sq. Ft.
4,984
Sq. Ft.
$606
per Sq. Ft.

Description

Presenting a 2022 built FULLY LEASED 4-unit townhouse complex with an impressive 5.02% CAP RATE in a quiet and highly desirable part of Los Angeles! Located just minutes from Larchmont Village, Koreatown, and Melrose Hill, the property consists of 2 separate building on one lot. Three of the units have 3 bedrooms 3.5 bathrooms, and one unit is a 2 bedroom 2.5 bathroom unit, all fetching very high and competitive rents. All units have their own unique address and are separately metered for gas, water,...Presenting a 2022 built FULLY LEASED 4-unit townhouse complex with an impressive 5.02% CAP RATE in a quiet and highly desirable part of Los Angeles! Located just minutes from Larchmont Village, Koreatown, and Melrose Hill, the property consists of 2 separate building on one lot. Three of the units have 3 bedrooms 3.5 bathrooms, and one unit is a 2 bedroom 2.5 bathroom unit, all fetching very high and competitive rents. All units have their own unique address and are separately metered for gas, water, and electricity. Each address also has their own trash/recycle bins paid directly from the tenant, minimizing expenses and making it easy to manage for any landlord. Each unit has their own tankless water heaters, recessed lighting, central AC/Heat, laundry machines, built-in microwave, refrigerators, and gas range stove/ovens. 8 parking spaces (including 3 private garage spaces) are available for tenants with the possibility to park 10 cars. This NON-RENT CONTROLLED property is easy to maintain property is a landlord's dream!
  1. Listed by Jeremy Kim • DRE #02045187 • Brokerage DRE #01350852 • Dream Realty & Investments Inc

Property Details for 610 North Gramercy Place

Zoning
LAR3
Parcel Number
5522008031
Total Units
4.0
Living Area
4984
Source Living Area
Builder
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
5423
LISTING UPDATED: 11/09/2024 02:13 PM

Property Details for 610 North Gramercy Place

StatusActive
MLS #24-438921
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.12 AC / 5,423 SF
CountyLos Angeles County

Building Information for 610 North Gramercy Place

Stories3Residences-Year Built2022Building Size-Lot Size0.12 AC / 5,423 SF

Property Information for 610 North Gramercy Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhouses
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $192,600
  • Net Operating Income: $155,575.00
  • Gross Income: $192,600
  • Cap Rate: 5.02%
  • Gross Rent Multiplier: $16.01
  • Total Annual Expense: 37025
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1245
  • Lot Size Square Feet: 5423
  • Lot Size Dimensions: 43x109
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway, Garage - 1 Car, Controlled Entrance
  • Total Parking: 8
  • Parking Features: Assigned, Driveway, Garage - Single Door, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer, Water Line to Refrigerator
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,250.00
  • Unit Actual Rent: $4,250.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,250.00
  • Unit Actual Rent: $4,250.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,350.00
  • Unit Actual Rent: $3,350.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 610 North 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 610 North Gramercy Place

Taxable ValueLand$1,123,632Additions$1,685,448Total$2,809,080
Tax Record2024$34,052 ($2,838 / month)
Home Facts
Beds3Total Finished SqFt1,621 SqFtAbove Grade Finished SqFt1,621 SqFtStories1Lot Size5,405 SqFtStyleSingle Family ResidenceYear Built1918ZoningLAR3CountyLOS ANGELESAPN5522-008-031

Schools near 610 North Gramercy Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 to 12

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.

Similar Homes

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Similar Sold Homes

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610 North Gramercy Place is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on September 12, 2024 by Dream Realty & Investments Inc, it's currently listed at $3,020,000. It has been on the market for a total of 100 days and was last sold on March 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Ness Avenue Elementary School, Joseph Le Conte Middle School and Fairfax Senior High School. 610 North Gramercy Place is a 11-bed, 15-bath, 4,984 sqft multi-family home built in 2022.

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 Dream Realty & Investments Inc, Jeremy Kim, DRE #02045187

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.