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713 Gramercy Place
Los Angeles, CA 90038
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!
PROPERTY INFORMATION
| MLS # | BB24215884 | Lot Size | 6,756 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 3,695,000
Price Per SqFt: $ 489 |
DOM | 196 Days |
| Address | 713 Gramercy Place | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 7,554 Sq. Ft. |
| Postal Code | 90038 | Garage | 6 |
| County | Los Angeles | Year Built | 2024 |
| Bed / Bath | 16 / 0 | Parking | 10 |
| Built In | 2024 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | Kitchen, Living Room |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Vinyl |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 92 (Walker's Paradise)
Transit Score: 53 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,941
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/23/2024 | Listed | $3,695,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
