854 South Gramercy Place

Los Angeles, CA 90005

$1,990,000
Price
9
Beds
5
Baths
5,584 Sq. Ft.
$356 / Sq. Ft.
5,584
Sq. Ft.
$356
per Sq. Ft.

Description

Discover an exceptional investment opportunity in the vibrant heart of Koreatown, Hancock Park! This beautifully remodeled building features spacious units with their own laundry rooms, each averaging 1,396 SF, perfect for modern living. With ample parking available and R-3, Tier 3 zoning, the potential here is limitless. Two units can be vacated at the close of escrow, providing flexibility for new owners. Don't miss your chance to capitalize on this prime location!Discover an exceptional investment opportunity in the vibrant heart of Koreatown, Hancock Park! This beautifully remodeled building features spacious units with their own laundry rooms, each averaging 1,396 SF, perfect for modern living. With ample parking available and R-3, Tier 3 zoning, the potential here is limitless. Two units can be vacated at the close of escrow, providing flexibility for new owners. Don't miss your chance to capitalize on this prime location!
  1. Listed by Jeannie K. Lee • DRE #01386376 • Brokerage DRE #02085679 • The H Realty

Property Details for 854 South Gramercy Place

Zoning
LAR3
Parcel Number
5092025020
Total Units
4.0
Living Area
5584
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
50%
Lot Size Area
7502
LISTING UPDATED: 11/19/2024 12:01 AM

Property Details for 854 South Gramercy Place

StatusActive
MLS #24-462595
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Building Information for 854 South Gramercy Place

Stories-Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,502 SF

Property Information for 854 South Gramercy Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 4
Contract Info
Contract Info
  • 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: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 8
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Gas Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $3,100.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $461,781.00
  • Assessed Improvement Percent: 48.39
  • Assessed Land Value: $492,566.00
  • Assessed Land Percent: 51.61
  • Assessed Total Value: $954,347.00

Property History for 854 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 854 South Gramercy Place

Taxable ValueLand$502,417Additions$471,016Total$973,433
Tax Record2024$12,478 ($1,040 / month)
Home Facts
Total Finished SqFt5,584 SqFtAbove Grade Finished SqFt5,584 SqFtLot Size7,500 SqFtStyleQuadraplexYear Built1924ZoningLAR3CountyLOS ANGELESAPN5092-025-020

Schools near 854 South Gramercy Place

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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854 South Gramercy Place is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on November 11, 2024 by The H Realty, it's currently listed at $1,990,000. It has been on the market for a total of 10 days and was last sold on July 21, 2010. 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. 854 South Gramercy Place is a 9-bed, 5-bath, 5,584 sqft multi-family home built in 1924.

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 The H Realty, Jeannie K. Lee, DRE #01386376

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.