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Brian Lacklen

blacklen@cbwhomes.com +1(619) 823-7904

$ 2,495,000

Est. payment -/mo

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940 S Gramercy PL Los Angeles, CA 90019

10 Beds

8 Baths

6,412 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,412 sqft

Price per Sqft $389

MLS Listing ID 26640535

Bedrooms 10

HOA Y/N No

Year Built 1965

Lot Size 6,878 Sqft

Property Description

SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT'S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned

Total Parking Spaces 13

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5081032001

Special Listing Condition Standard

Listed by Max Lee Real Broker

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Citizens of the World Charter

Public | KG - 8
9

Equitas Academy Charter

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
8

Hoover Street Elementary

Public | KG - 5
7

Gardner Street Elementary

Public | PK - 5
7

Hollywood Primary Center

Public | KG - 3
7

New Heights Charter

Public | KG - 8
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Downtown Value

Public | KG - 8
6

Micheltorena Elementary

Public | KG - 5
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8
5

Wilton Place Elementary

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
6

New Designs Charter

Public | 6 - 12
5

Pico Pico Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
4

John Adams Middle School

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
8

Wallis Annenberg High School

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
7

Animo Jackie Robinson High School

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

Hollywood High School

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

Helen Bernstein High School

Public | 9 - 12
1

RFK Community Schools - School for the Visual Arts & Humanities

Public | 9 - 12
1

West Adams Preparatory High School

Public | 9 - 12
1

Early College Academy-la Trade Tech College

Public | 9 - 12
1

The Education Corps

Public | 9 - 12
1

College Bridge Academy

Public | 9 - 12

School and business data provided by Attom Data.

Brian Lacklen

Agent | License ID: 01755681

+1(619) 823-7904

Brian Lacklen

940 S Gramercy PL Los Angeles, CA 90019

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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940 S Gramercy PL