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713 N Gramercy Place, Los Angeles, CA 90038

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For Sale
Sale Pending

$3,695,000

16 beds • 16 baths • 7,554 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $489.14
    Price per square foot

  • New Construction, 1-5 Years Old
    Age

Explore this Property

The 2-4 Unit Specialists are pleased to present 713 N Gramercy Pl, 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!
MLS# BB24215884

Courtesy Of Myunits.com

(818) 859-7242

Property Features

  • Age
    New Construction, 1-5 Years Old
  • Amenities
    Double Pane Windows, Dock
  • Appliances
    Dishwasher, Microwave, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
  • Architecture Style
    Modern
  • Floor Covering
    Vinyl
  • Heating System
    Central Furnace
  • Rooms
    Kitchen, Living Room
  • View Type
    City

Map and Directions

Directions to 713 N Gramercy Place, Los Angeles, CA 90038

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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