838 South Gramercy Place, Unit 7

Los Angeles, CA 90005

$2,790,000
Price
11
Beds
8
Baths
6,324 Sq. Ft.
$441 / Sq. Ft.
6,324
Sq. Ft.
$441
per Sq. Ft.

Description

We are please to announce the sale of 838 S Gramercy place,8 unit apartment. In addition to provide strong cash flow, this apartment provides a new buyer with a successfully investment. This apartment conveniently located near rest rant and bank, bus stop, metro station on Hancock Park Area. Do not disturbed tenants. Buyer and buyer's agent to verify and rely on their findings. This property is being "Sold As Is" with no warranty or liability to seller and brokers. No VacancyWe are please to announce the sale of 838 S Gramercy place,8 unit apartment. In addition to provide strong cash flow, this apartment provides a new buyer with a successfully investment. This apartment conveniently located near rest rant and bank, bus stop, metro station on Hancock Park Area. Do not disturbed tenants. Buyer and buyer's agent to verify and rely on their findings. This property is being "Sold As Is" with no warranty or liability to seller and brokers. No Vacancy
  1. Listed by Jae Sung Choi • DRE #01273921 • Brokerage DRE #00908242 • Ivy Realty Co.

Property Details for 838 South Gramercy Place, Unit 7

Zoning
LAR3
Parcel Number
5092025017
Total Units
8.0
Living Area
6324
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
7502
LISTING UPDATED: 08/06/2024 12:01 AM

Property Details for 838 South Gramercy Place, Unit 7

StatusActive
MLS #24-421053
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Building Information for 838 South Gramercy Place, Unit 7

Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,502 SF

Property Information for 838 South Gramercy Place, Unit 7

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: multi
  • Unit Number: 7
  • View: No
  • View Description: None
  • View: None
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: Actual
  • Gross Operating Income: $164,952
  • Net Operating Income: $106,438.00
  • Gross Income: $164,952
  • Gross Rent Multiplier: $16.90
  • Actual Gross Annual Income: $164,952
  • Total Annual Expense: 61634
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Assigned
  • Total Parking: 8
  • Parking Features: Covered, Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Wood
  • Equipment: Other
  • Cooking Appliances: Gas, Oven
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-29-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $8,178.00
  • Unit Actual Rent: $8,178.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,367.00
  • Unit Actual Rent: $5,367.00
  • Unit Projected Rent: $8,100.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $716,208.00
  • Assessed Improvement Percent: 38.27
  • Assessed Land Value: $1,155,178.00
  • Assessed Land Percent: 61.73
  • Assessed Total Value: $1,871,386.00

Property History for 838 South Gramercy Place, Unit 7

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 838 South Gramercy Place, Unit 7

Taxable ValueLand$1,178,281Additions$730,732Total$1,909,013
Tax Record2024$24,136 ($2,011 / month)
Home Facts
Total Finished SqFt6,324 SqFtAbove Grade Finished SqFt6,324 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN5092-025-017

Schools near 838 South Gramercy Place, Unit 7

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Wilton Place Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

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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838 South Gramercy Place, Unit 7 is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on July 29, 2024 by Ivy Realty Co., it's currently listed at $2,790,000. It has been on the market for a total of 145 days and was last sold on September 23, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilton Place Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 838 South Gramercy Place, Unit 7 is a 11-bed, 8-bath, 6,324 sqft multi-family home built in 1957.

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 Ivy Realty Co., Jae Sung Choi, DRE #01273921

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.