914 South Gramercy Drive

Los Angeles, CA 90019

$4,150,000
Price
16
Beds
16
Baths
10,050 Sq. Ft.
$413 / Sq. Ft.
10,050
Sq. Ft.
$413
per Sq. Ft.

Description

8 units + 8 units. Total 16 units with two different APN and two buildings are adjacent to each other in over 15,000 SF of lot. Both 8 units are sold together. ALL units are one bedrooms meaning it's very easy to lease when there is vacancy. All units are fully occupied. One parking designated to each units. Community laundry available run by 3rd party company. Much has been upgraded and repaired since new owner took over about 3 years ago. Easy to maintain. Lots of potential on rent increase! Drive...8 units + 8 units. Total 16 units with two different APN and two buildings are adjacent to each other in over 15,000 SF of lot. Both 8 units are sold together. ALL units are one bedrooms meaning it's very easy to lease when there is vacancy. All units are fully occupied. One parking designated to each units. Community laundry available run by 3rd party company. Much has been upgraded and repaired since new owner took over about 3 years ago. Easy to maintain. Lots of potential on rent increase! Drive by only!
  1. Listed by Tom-Chang Kim • DRE #01351524 • Brokerage DRE #00808681 • Max Mega Group

Property Details for 914 South Gramercy Drive

Zoning
LAR3
Style
Low Rise
Parcel Number
5092023008
Total Units
16.0
Living Area
10050
Source Living Area
Owner
Area
Hancock Park-Wilshire
Vacancy Rate
0
LISTING UPDATED: 10/15/2024 10:48 AM

Property Details for 914 South Gramercy Drive

StatusActive
MLS #24-450779
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.34 AC / 15,004 SF
CountyLos Angeles County

Building Information for 914 South Gramercy Drive

Stories2Residences-Year Built1953Building Size-Lot Size0.34 AC / 15,004 SF

Property Information for 914 South Gramercy Drive

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 16
  • Security Features: Automatic Gate, Gated
  • Water Heaters: Yes
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: Actual
  • Gross Operating Income: $246,000
  • Net Operating Income: $180,000.00
  • Gross Income: $244,200
  • Gross Rent Multiplier: $16.87
  • Actual Annual Gross Rent: $244,200.00
  • Actual Gross Annual Income: $244,200
  • Actual Rent Total: $244,200.00
  • Owner Pays: Gardener, Water, Other
  • Total Annual Expense: 66000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 15004
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 17
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-09-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,272.00
  • Unit Actual Rent: $20,350.00
  • Unit Projected Rent: $25,600.00
  • Like Units: 16
Unit Details
  • Unit Type Type: 2106

Property History for 914 South Gramercy Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 914 South Gramercy Drive

Taxable ValueLand$1,352,520Additions$577,822Total$1,930,342
Tax Record2024$24,298 ($2,025 / month)
Home Facts
Total Finished SqFt5,028 SqFtAbove Grade Finished SqFt5,028 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAR3CountyLOS ANGELESAPN5092-023-008

Schools near 914 South Gramercy Drive

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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Similar Sold Homes

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914 South Gramercy Drive is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 7, 2024 by Max Mega Group, it's currently listed at $4,150,000. It has been on the market for a total of 58 days and was last sold on February 18, 2021. 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. 914 South Gramercy Drive is a 16-bed, 16-bath, 10,050 sqft multi-family home built in 1953.

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 Max Mega Group, Tom-Chang Kim, DRE #01351524

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.