838 South Gramercy Place, Unit 7

Los Angeles, CA 90005

$2,590,000
Price
11
Beds
8
Baths
6,324 Sq. Ft.
$410 / Sq. Ft.
6,324
Sq. Ft.
$410
per Sq. Ft.

Description

We are please to announce the sale of 838 S Gramercy place,8 unit apartment. In addition to provide strong cash flow, this apartment provides a new buyer with a successfully investment. This apartment conveniently located near rest rant and bank, bus stop, metro station on Hancock Park Area. Do not disturbed tenants. Buyer and buyer's agent to verify and rely on their findings. This property is being "Sold As Is" with no warranty or liability to seller and brokers. No VacancyWe are please to announce the sale of 838 S Gramercy place,8 unit apartment. In addition to provide strong cash flow, this apartment provides a new buyer with a successfully investment. This apartment conveniently located near rest rant and bank, bus stop, metro station on Hancock Park Area. Do not disturbed tenants. Buyer and buyer's agent to verify and rely on their findings. This property is being "Sold As Is" with no warranty or liability to seller and brokers. No Vacancy
  1. Listed by Jae Sung Choi • DRE #01273921 • Brokerage DRE #00908242 • Ivy Realty Co.

Property Details for 838 South Gramercy Place, Unit 7

Zoning
LAR3
Parcel Number
5092025017
Total Units
8.0
Living Area
6324
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
7502

Location

Listing Courtesy of Ivy Realty Co., Jae Sung Choi, DRE #01273921
Add your commute
LISTING UPDATED: 02/01/2024 12:01 AM

Property Details for 838 South Gramercy Place, Unit 7

StatusActive
MLS #24-352037
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Ivy Realty Co., Jae Sung Choi, DRE #01273921
Add your commute

Building Information for 838 South Gramercy Place, Unit 7

Stories1Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$16,109 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,135

Property Taxes

$1,974

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 838 South Gramercy Place, Unit 7

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: MULTI
  • Unit Number: 7
  • Water: Public
  • Sewer: In Street
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: Actual
  • Gross Operating Income: $164,952
  • Net Operating Income: $106,438.00
  • Gross Income: $164,952
  • Gross Rent Multiplier: $15.70
  • Owner Pays: Water
  • Total Annual Expense: 61634
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Range/Oven, Refrigerator
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-26-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $8,178.00
  • Unit Actual Rent: $8,178.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,367.00
  • Unit Actual Rent: $5,367.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $716,208.00
  • Assessed Improvement Percent: 38.27
  • Assessed Land Value: $1,155,178.00
  • Assessed Land Percent: 61.73
  • Assessed Total Value: $1,871,386.00

Property History for 838 South Gramercy Place, Unit 7

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 838 South Gramercy Place, Unit 7

Taxable ValueLand$1,155,178Additions$716,408Total$1,871,586
Tax Record2023$23,685 ($1,974 / month)
Home Facts
Total Finished SqFt6,324 SqFtAbove Grade Finished SqFt6,324 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN5092-025-017

Schools near 838 South Gramercy Place, Unit 7

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

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy Middle 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

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838 South Gramercy Place, Unit 7 is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on January 24, 2024 by Ivy Realty Co., it's currently listed at $2,590,000. It has been on the market for a total of 98 days and was last sold on August 13, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilton Place Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 838 South Gramercy Place, Unit 7 is a 11-bed, 8-bath, 6,324 sqft multi-family home built in 1957.

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 Ivy Realty Co., Jae Sung Choi, DRE #01273921

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.