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$3,695,000
Est. payment /mo
6,756 Sqft Lot
UPDATED:
01/08/2025 12:07 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB24215884
Style Contemporary
Originating Board California Regional MLS
Year Built 2024
Lot Size 6,756 Sqft
Property Description
713 N Gramercy Pl is an ultra-high-end Larchmont Village 2024 fourplex that is FULLY LEASED with A+ tenants! This entire fourplex was rented in record speed (in the midst of the holidays) due to the unique and upscale nature of these units and the fantastic central location. The tenant demand was massive!!! Thanks to the strong rents, this will be delivered at a real 5.5% cap rate. We project that upon future re-rental of these units the rent will be exponentially higher outside of the holiday season- meaning massive future growth on this A+ piece of real estate. This exquisite non-rent-controlled property is made up of ALL 4 bedroom townhome-style units with top-tier finishes, huge decks off the living space, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. With 10 parking spots (6 garage and 4 exterior), this property offers an unheard-of parking advantage in the area. The unbeatable location, combined with the impressive units and the fantastic outdoor space with city views makes this the easiest property to rent out! AKA low vacancy rate! With low vacancy rate, high return, minimal expenses, no rent control, all separate meters, presence in an opportunity zone, a 1-year builder's warranty and all new everything, this is an excellent invest
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, 30, Other, Washer, Dryer
Exterior
Parking Features Garage, Off-Street Parking
Garage Spaces 10.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5535014024
Special Listing Condition Not Applicable
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