713 N Gramercy PL Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB24215884
Construction Status Turnkey
HOA Y/N No
Year Built 2024
Annual Tax Amount $44,318
Lot Size 6,756 Sqft
Property Description
713 N Gramercy Pl is an ultra-premium 2024 Opportunity Zone fourplex located just steps away from the vibrant Larchmont Village, with its trendy shops, restaurants, and conveniences along Larchmont Blvd. You'll also be minutes from the iconic Paramount Studios and have easy access to the 101 Freeway- a major draw for high-end tenants! This property is ready for immediate closing and can be delivered vacant or leased—an ideal opportunity for 1031 exchange buyers and Opportunity Zone investors.
This fourplex consists of four impressive 4-bedroom, 4-bathroom tri-level townhome-style units, each boasting huge decks off the living spaces and bedrooms. 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 upscale, modern units and fantastic outdoor space with city views, ensures quick, easy rentals.
These premium townhomes feature expansive, tenant-friendly kitchens and living rooms, designer tiles and stones, and include all kitchen appliances. Noteworthy features include massive balconies with Hollywood Sign views, modern soft-close cabinets, 10 ft high ceilings, huge walk-in closets, balconies off both living spaces and bedrooms, and countless windows for maximum light. The interiors are finished with natural wood waterproof vinyl flooring, marble waterfall islands, and sleek black hardware.
In addition to high returns, buyers will enjoy numerous perks: tons of parking, beautifully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new everything, minimal maintenance, separate meters for gas, water, and electricity, and strong rental desirability for years to come. Once fully leased, we project a solid 5.44% cap rate and $200,959 in yearly gross rent. Call now to lock this up before it's gone!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC4
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer
Laundry Washer Hookup,Gas Dryer Hookup,Inside
Exterior
Garage Garage,Off Street
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights,Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 5535014024
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard