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Listed By:
Myunits.com Inc., 818-850-8485, Elizabeth Maddox
Listing Sold By:
RE/MAX ONE
Local Realty Services Provided By:
Keller Williams Realty Los Feliz
Overview
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Neighborhood
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713 N Gramercy Place, Los Angeles, CA 90038
713 N Gramercy Place, Los Angeles, CA 90038
Estimation provided by Keller Williams Realty Inc.
Property Description
713 N Gramercy Pl is an ultra-high-end Larchmont Village 2024 fourplex that is FULLY LEASED with A+ tenants! This entire fourplex was rented in record speed (in the midst of the holidays) due to the unique and upscale nature of these units and the fantastic central location. The tenant demand was massive!!! Thanks to the strong rents, this will be delivered at a real 5.5% cap rate. We project that upon future re-rental of these units the rent will be exponentially higher outside of the holiday season- meaning massive future growth on this A+ piece of real estate.
This exquisite non-rent-controlled property is made up of ALL 4 bedroom townhome-style units with top-tier finishes, huge decks off the living space, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. 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 the impressive units and the fantastic outdoor space with city views makes this the easiest property to rent out! AKA low vacancy rate!
With low vacancy rate, high return, minimal expenses, no rent control, all separate meters, presence in an opportunity zone, a 1-year builder’s warranty and all new everything, this is an excellent investment opportunity. We project this stable asset will go up year after year!
This exquisite non-rent-controlled property is made up of ALL 4 bedroom townhome-style units with top-tier finishes, huge decks off the living space, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. 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 the impressive units and the fantastic outdoor space with city views makes this the easiest property to rent out! AKA low vacancy rate!
With low vacancy rate, high return, minimal expenses, no rent control, all separate meters, presence in an opportunity zone, a 1-year builder’s warranty and all new everything, this is an excellent investment opportunity. We project this stable asset will go up year after year!
Property Details
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Overview
Property Type
Quadruplex
Property Size
Year Built
2024
Days on Site
150 Days
HVAC
Central Air, Central
Parking
10 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
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Estimated Monthly Payment
Purchase Price:
$3,685,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
10/23/2024
Listed
(+184.23% )
10/04/2022
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+125.65% )
Land 1,000,000 +
Additions 300,000
2022
(+1.38% )
Land 417,376 +
Additions 149,059
2021
(+3.01% )
Land 417,376 +
Additions 149,059
2019
(+4.73% )
Land 413,097 +
Additions 147,531
2017
Land 397,057 +
Additions 141,803
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Very Walkable
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