CA > Los Angeles
Los Angeles, CA 90005,736 Gramercy DR
Los Angeles, CA 90005,736 Gramercy DR
Los Angeles, CA 90005,736 Gramercy DR
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$1,799,000
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6,250 Sqft Lot
Price Dropped by $1K

736 Gramercy DR Los Angeles, CA 90005

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25040048

HOA Y/N No

Year Built 1955

Lot Size 6,250 Sqft

Property Sub-Type Mixed Use

Property Description

The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. Recent upgrades include - soft story retrofit, partial copper plumbing, main water heater, main electric panel, and other repairs/upgrades throughout the units. With four units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Hancock-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Attached Carport, Tandem, Uncovered

Carport Spaces 4

Pool None

Community Features Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Near Public Transit

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5092028016

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by SUNNY LEE • Sunshine International Inv., Inc. • 626-297-9191

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agent

Hunter Scholl

The Right Hand | RE.S. 197305

+1(702) 575-1320

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736 Gramercy DR