713 N Gramercy Place
Los Angeles, CA 90038
Active for $3,695,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 6,756 sqft
| MLS | BB24215884 |
| Year Built | 2024 |
| Property Type | Quadruplex |
| County | Los Angeles |
| Status | Active |
| Active | $3,695,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,756 sqft |
| Beds | N/A |
| Baths | N/A |
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!
Listing information courtesy of: Elizabeth Maddox, Myunits.com Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
RG Realty Group
REALTOR®
Direct: 818.825.1817
Email: Email Me
DRE: 01783621
DRE #01873088
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