5421 South Gramercy Place

Los Angeles, CA 90062

$780,000
Last Sold Price
4
Beds
4
Baths
2,636 Sq. Ft.
$296 / Sq. Ft.
2,636
Sq. Ft.
$296
per Sq. Ft.

Description

5421 s. Gramercy Pl is a four unit building in the South LA neighborhood of Chesterfield Square near Leimert Park. It sits on a quaint, palm tree lined street across from Chesterfield Square Park. All units are 1 Bedroom + 1 Bath and average 659 SF each, and feature rear washrooms with washer/dryer hookups and back doors. In the rear are 4 single car garages with alley access. The property will be delivered with two vacant units, making this a fantastic value-add opportunity. Currently the front...5421 s. Gramercy Pl is a four unit building in the South LA neighborhood of Chesterfield Square near Leimert Park. It sits on a quaint, palm tree lined street across from Chesterfield Square Park. All units are 1 Bedroom + 1 Bath and average 659 SF each, and feature rear washrooms with washer/dryer hookups and back doors. In the rear are 4 single car garages with alley access. The property will be delivered with two vacant units, making this a fantastic value-add opportunity. Currently the front upstairs unit is vacant and easy to show! An Incredible value for under $850K!
  1. Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Dana Coronado • DRE #01746702 • Brokerage DRE #01342342 • Equity Union

Property Details for 5421 South Gramercy Place

Zoning
LAR2
Parcel Number
5005016022
Total Units
4.0
Living Area
2636
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
2
Lot Size Area
5850

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936; Equity Union, Dana Coronado, DRE #01746702

Sold By Equity Union, Dana Coronado, DRE #01746702; Equity Union, Nicole Apostolos, DRE #01464936

Add your commute
LISTING UPDATED: 07/31/2023 11:33 AM

Property Details for 5421 South Gramercy Place

StatusSold
MLS #23-270737
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.13 AC / 5,850 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936; Equity Union, Dana Coronado, DRE #01746702

Sold By Equity Union, Dana Coronado, DRE #01746702; Equity Union, Nicole Apostolos, DRE #01464936

Add your commute

Building Information for 5421 South Gramercy Place

Stories2Residences-Year Built1941Building Size-Lot Size0.13 AC / 5,850 SF

Payment Calculator

$4,820 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,257

Property Taxes

$563

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5421 South Gramercy Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: All 1+1
  • View: Yes
  • View Description: Park
  • Direction Faces: East
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash To New Loan, FHA
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $67,140
  • Net Operating Income: $50,896.00
  • Gross Income: $67,140
  • Cap Rate: 6.06%
  • Gross Rent Multiplier: $12.65
  • Owner Pays: Water
  • Total Annual Expense: 16244
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Acreage: 0.1343
  • Lot Size Square Feet: 5850
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-17-2023
  • Listing Terms: Standard Sale
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,047.00
  • Unit Actual Rent: $1,047.00
  • Unit Projected Rent: $1,699.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,150.00
  • Unit Actual Rent: $1,150.00
  • Unit Projected Rent: $1,699.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,699.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,699.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,699.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,699.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $207,924.00
  • Assessed Improvement Percent: 40.45
  • Assessed Land Value: $306,114.00
  • Assessed Land Percent: 59.55
  • Assessed Total Value: $514,038.00

Property History for 5421 South Gramercy Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5421 South Gramercy Place

Taxable ValueLand$312,236Additions$212,082Total$524,318
Tax Record2023$6,761 ($563 / month)
Home Facts
Total Finished SqFt2,636 SqFtAbove Grade Finished SqFt2,636 SqFtLot Size5,850 SqFtStyleQuadraplexYear Built1941ZoningLAR2CountyLOS ANGELESAPN5005-016-022

Schools near 5421 South Gramercy Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Angeles Mesa Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

California Collegiate Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936; Equity Union, Dana Coronado, DRE #01746702

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.