5700 South Gramercy Place

Los Angeles, CA 90062

$849,000
Price
4
Beds
3
Baths
2,538 Sq. Ft.
$335 / Sq. Ft.
2,538
Sq. Ft.
$335
per Sq. Ft.

Description

Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor...Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer / Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, currently vacant - Set your own rent with tenants paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right. This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.
  1. Listed by Taylor Light • DRE #02084441 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 5700 South Gramercy Place

Zoning
LAR2
Style
Bungalow
Parcel Number
5005018015
Total Units
3.0
Living Area
2538
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
2 Bd

Location

Listing Courtesy of Coldwell Banker Realty, Taylor Light, DRE #02084441
Add your commute
LISTING UPDATED: 04/05/2024 04:41 PM

Property Details for 5700 South Gramercy Place

StatusActive
MLS #23-306463
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,386 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Taylor Light, DRE #02084441
Add your commute

Building Information for 5700 South Gramercy Place

Stories-Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,386 SF

Payment Calculator

$5,314 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,633

Property Taxes

$681

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5700 South Gramercy Place

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Bungalows
  • View: No
  • View Description: None
  • View: None
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $50,436
  • Net Operating Income: $34,135.00
  • Gross Income: $49,236
  • Gross Rent Multiplier: $18.00
  • Total Annual Expense: 15100
  • Water Expense: $2,400.00
  • Tax Expense: $9,000
  • Gardener Expense: $1,200
  • Insurance Expense: $2,500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1466
  • Lot Size Square Feet: 6386
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 3 Car
  • Total Parking: 0
  • Garage Spaces Total: 3
  • Parking Features: Garage - Three Door
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Ceiling Fan, Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Tile, Laminate, Carpet
  • Equipment: Ceiling Fan, Stackable W/D Hookup
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Gas
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Exterior Features: Dock Private
  • Door Features: Double Door Entry
  • New Construction: No
  • Other Structural Features: Dock Private, Double Door Entry
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,081.00
  • Unit Actual Rent: $1,081.00
  • Unit Projected Rent: $1,081.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $527.00
  • Unit Actual Rent: $527.00
  • Unit Projected Rent: $527.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $187,356.00
  • Assessed Improvement Percent: 29.75
  • Assessed Land Value: $442,370.00
  • Assessed Land Percent: 70.25
  • Assessed Total Value: $629,726.00

Property History for 5700 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 5700 South Gramercy Place

Taxable ValueLand$451,217Additions$191,103Total$642,320
Tax Record2023$8,174 ($681 / month)
Home Facts
Total Finished SqFt2,538 SqFtAbove Grade Finished SqFt2,538 SqFtLot Size6,384 SqFtStyleTriplexYear Built1926ZoningLAR2CountyLOS ANGELESAPN5005-018-015

Schools near 5700 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 - K to 5
Rating
School
Distance
Angeles Mesa Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK 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

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Similar Sold Homes

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5700 South Gramercy Place is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on January 13, 2024 by Coldwell Banker Realty, it's currently listed at $849,000. It has been on the market for a total of 105 days and was last sold on April 2, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Angeles Mesa Elementary School, Western Avenue Technology Magnet and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 5700 South Gramercy Place is a 4-bed, 3-bath, 2,538 sqft multi-family home built in 1926.

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 Coldwell Banker Realty, Taylor Light, DRE #02084441

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.