713 N Gramercy Place, Los Angeles, CA 90038 (MLS # BB24215884)

Save to Favorites
Print
Share
PRICE $3,695,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 7,554 sqft
LOT SIZE 6,757 sqft

713 N Gramercy Pl is an ultra-premium 2024 Opportunity Zone fourplex located just steps away from the vibrant Larchmont Village, with its trendy shops, restaurants, and conveniences along Larchmont Blvd. You'll also be minutes from the iconic Paramount Studios and have easy access to the 101 Freeway- a major draw for high-end tenants! This property is ready for immediate closing and can be delivered vacant or leased—an ideal opportunity for 1031 exchange buyers and Opportunity Zone investors.This fourplex consists of four impressive 4-bedroom, 4-bathroom tri-level townhome-style units, each boasting huge decks off the living spaces and bedrooms. With 10 parking spots (6 garage and 4 exterior), this property offers an unheard-of parking advantage in the area. The unbeatable location, combined with upscale, modern units and fantastic outdoor space with city views, ensures quick, easy rentals.These premium townhomes feature expansive, tenant-friendly kitchens and living rooms, designer tiles and stones, and include all kitchen appliances. Noteworthy features include massive balconies with Hollywood Sign views, modern soft-close cabinets, 10 ft high ceilings, huge walk-in closets, balconies off both living spaces and bedrooms, and countless windows for maximum light. The interiors are finished with natural wood waterproof vinyl flooring, marble waterfall islands, and sleek black hardware.In addition to high returns, buyers will enjoy numerous perks: tons of parking, beautifully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new everything, minimal maintenance, separate meters for gas, water, and electricity, and strong rental desirability for years to come. Once fully leased, we project a solid 5.44% cap rate and $200,959 in yearly gross rent. Call now to lock this up before it's gone!

DAYS ON MARKET 7 LAST UPDATED 10/23/2024
YEAR BUILT 2024 COMMUNITY Hollywood
GARAGE SPACES 6.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
AREA Hollywood
GARAGE Garage, Off Street, Yes
HEAT Central
HOA DUES 0
LOT 6756 sq ft
LOT DESCRIPTION Landscaped
PARKING Garage,Off Street
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 3
STYLE Modern
TAXES 44318
UTILITIES Electric: Standard
VIEW Yes
VIEW DESCRIPTION City Lights,Neighborhood
WATER Public
ZONING LAC4
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 713 N GRAMERCY PLACE
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Ben Salem to contact you even if your name is on a Federal or State "Do not call List".

Listed with Myunits.com Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 2:25 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2024.

Compare listings

Compare