749 Gramercy Drive

Los Angeles, CA 90005

$4,230,000
Price
Studio
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Buy and build! 743-749 Gramercy Dr, LA 90005. RARE development opportunity in the PRIME KOREATOWN submarket of Los Angeles, delivered 100% un-occupied and fully RTI for 47 units by approximately April 2020. CORNER DOUBLE LOT with 13,108 SQFT zoned R4-1 and TOC TIER 3. Submitted design calls for a 47 Unit luxury apartment building located within immediate walking distance of major amenities in the main Koreatown business center 0.5 miles from the subject. Also located within 0.4 miles (10 min walking...

Property Details for 749 Gramercy Drive

Cooling Type
None

Location

Listing Courtesy of Keller Williams Rlty Brentwood, Tannaz Kamran-Rahbar, DRE #00951232

Building Information for 749 Gramercy Drive

Stories5Residences-Year Built2020Building Size-Lot Size-

Payment Calculator

$15,215 per month

30 year fixed, 3.51% Interest

Principal and Interest

$15,215

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 749 Gramercy Drive

Property Features
    Interior Features
  • Heating Type: None
  • Total Units: 47.0
    Parking Info
  • Parking: Yes
  • Parking Features: Garage
Property / Structure Info
    Property / Structure Info
  • Parcel Number: 5092028019
  • Property Type: Residential Income
  • Stories Total: 5
  • Year Built: 2020
Community/Development / Location Info
    School/Location Info
  • Status: Active
  • Zip Code: 90005
  • Street Number Numeric: 749.0
  • Street Name: GRAMERCY
  • Street Suffix: Drive
  • County Or Parish: Los Angeles
  • Directions: South of Wilshire, West of Western
  • MLS Area Major: Hancock Park (HPK)
    Association Information
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Zoning: LAR4
    Income Details
  • Gross Income: $1,411,800
  • Gross Multiplier: 18.0
  • Gross Operating Income: $1,411,800
  • Net Operating Income: $1,011,800
  • Vacancy Allowance Rate: 100
Unit Information
    Multi-Unit Info
  • Number Of Buildings: 1
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Assessor
Listing / Showing Information / Virtual Tour
    Showing Info
  • List Price: 4230000.0

Property History for 749 Gramercy Drive

DateEvent & SourcePriceAppreciation
Feb 6, 2020

Listed (Active)

CRMLS #20543436

Feb 5, 2020

Hold

CRMLS #20543436

Jan 13, 2020

Listed (Active)

CRMLS #20543436

$4,230,000
DateEvent & SourcePrice
02/06/2020

Listed (Active)

CRMLS #20543436

02/05/2020

Hold

CRMLS #20543436

01/13/2020

Listed (Active)

CRMLS #20543436

$4,230,000

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

Public Records for 749 Gramercy Drive

Taxable ValueLand$180,291Additions$290,086Total$470,377
Tax Record2018$6,896
Home Facts
Beds6Finished Sq.Ft.5,465 SqFtLot Size6,855 SqFtStyleMulti-Family Res (5+ Units)Year Built1938Year Renovated1938ZoningLAR4CountyLOS ANGELESAPN5092028019

Schools near 749 Gramercy Drive

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Wilton Place Elementary SchoolPublicK-50.1 mi
3
St. James Episcopal SchoolPrivatePK-60.3 mi
NR
Camino Nuevo Academy #2CharterK-80.5 mi
5
Sixth Street Elementary SchoolPublicK-50.6 mi
NR

Wilton Place Elementary School

K-5, 0.1 mi, Public

3

St. James Episcopal School

PK-6, 0.3 mi, Private

NR

Camino Nuevo Academy #2

K-8, 0.5 mi, Charter

5

Sixth Street Elementary School

K-5, 0.6 mi, Public

NR

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.

Property Details for 749 Gramercy Drive

StatusActive
MLS #20543436
Year Built2020
DOM38
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size-
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Tannaz Kamran-Rahbar

Keller Williams Rlty Brentwood

tannazrahbar@kw.com

P: 310.826.8200

M: 310.995.7545

DRE #00951232

Contact Agent(s)

Hancock Park-Wilshire
This densely populated and high-trafficked neighborhood is a busy mix of residential, commercial, and community spaces smack in the middle of central Los Angeles.

Similar Sold Homes

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

749 Gramercy Drive is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on January 13, 2020 by Keller Williams Rlty Brentwood at $4,230,000. It has been on the market for a total of 39 days and was last sold on May 31, 2019. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 749 Gramercy Drive is a 0-bed, 0-bath, multi-family home built in 2020.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Keller Williams Rlty Brentwood, Tannaz Kamran-Rahbar, DRE #00951232
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