941 S Gramercy Place, Los Angeles, CA 90019
List Price: $2.69M
Listing Status: Active
0Days on Market: 0
12 Bedrooms · 12 Bathrooms · 7,360 sq ft
Property Type: ResidentialIncome
Year Built: 1964
Lot Size: 6,870 sq ft
MLS Number: 26985675
About This Property
941 S Gramercy Pl & 210 S Commonwealth Ave, Los Angeles To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! GRM 12.33! Low Expenses & Separately Metered Gas & Electricity! Seller Motivated! Rare opportunity to acquire two well-maintained apartment buildings in prime Los Angeles. Conveniently located just south of 8th Street and west of Western Avenue near Olympic Boulevard, with easy access to Larchmont Village, Country Club Park, Miracle Mile, Hollywood, and Downtown LA.941 S Gramercy Pl features twelve (12) spacious 1-bedroom, 1-bathroom units with upgraded laminate wood flooring and fourteen (14) on-site parking spaces. Low operating expenses and separate gas and electric meters provide efficient ownership. This property generate $17,906/month ($214,872/year) in gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.
Listing provided by: Jae Young Lee DRE #01270965 213-386-8888 jaelee1017@hotmail.com, Ivy Realty Co.
Source: CRMLS, MLS #: 26985675
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.