729 Gramercy Drive

    Los Angeles (City), CA 90005
    • $1,800,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: 18308414
    UPDATED: 14 min ago
    $1,800,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,382
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    KW Commercial is pleased to present 729 Gramercy Drive an 8-unit investment opportunity located in Koreatown (90005).The property has not been available to the marketplace in nearly 40 years.The asset, built in 1958, is reflective of the architectural character from that era and features Eight (1) One Bedroom-One Bathroom apartments. The property provides 8 parking spaces for the residents and is separately metered for gas and electrical utilities.Centrally located in Koreatown, just south of Wilshire Boulevard, 729 Gramercy Drive is poised to capitalize on the tremendous momentum in the Koreatown and adjacent areas. Furthermore, the subject property's transit-oriented and highly walkable (91 Walkscore) location offers residents access to a myriad of entertainment venues, cultural destinations, and dining options nearby.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T22:26:29.18. 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.
    www.kristirobertsgroup.com/homes/80402046

    729 Gramercy Drive Los Angeles (City), CA 90005

    • Price: $1,800,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: 18308414
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,382
    SQFT
    $282
    $/SQFT
    1958
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    KW Commercial is pleased to present 729 Gramercy Drive an 8-unit investment opportunity located in Koreatown (90005).The property has not been available to the marketplace in nearly 40 years.The asset, built in 1958, is reflective of the architectural character from that era and features Eight (1) One Bedroom-One Bathroom apartments. The property provides 8 parking spaces for the residents and is separately metered for gas and electrical utilities.Centrally located in Koreatown, just south of Wilshire Boulevard, 729 Gramercy Drive is poised to capitalize on the tremendous momentum in the Koreatown and adjacent areas. Furthermore, the subject property's transit-oriented and highly walkable (91 Walkscore) location offers residents access to a myriad of entertainment venues, cultural destinations, and dining options nearby.
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.00 Gross Multiplier 19.66 Gross Operating Income 91558.00 Improvements Amount 178149 Land Value 80600 Laundry YN Yes Net Operating Income 53217.00 Special Listing Conditions Standard Total Expenses 36510.00 Zoning Lar4

    Listing provided courtesy of David Weinberger of Keller Williams Studio City and Rich Johns of Kw Commercial Studio City.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T22:26:29.18. 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.
    Kristi Roberts Group, Inc.
    29910 Murrieta Hot Springs Road
    Murrieta CA, 92563