713 N Gramercy Pl - Apartments FOR SALE


Los Angeles, CA 90038
$3,695,000 USD
818-859-7242
713 N Gramercy Pl, Los Angeles, CA for Sale
$3,695,000 USD
Apartments - FOR SALE
1/44
null | 5.5% Cap Rate

713 N Gramercy Pl
Los Angeles, CA 90038


HIGHLIGHTS

  • Located in ultra trendy and highly sought after Larchmont Village- A major draw for A+++ tenants!
  • The property was fully leased with A+ tenants in record speed (even in the midst of the holiday season). MASSIVE TENANT DEMAND!!!
  • OPPORTUNITY ZONE! Major tax benefit (consult CPA).
  • MASSIVE units (7,554 livable square feet) with premium floorplans.
  • Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!
  • Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!

OVERVIEW

The 2-4 Unit Specialists are pleased to present 713 N Gramercy Pl, 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 investment opportunity. We project this stable asset will go up year after year!

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

4

PRICE/UNIT

$923,750

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Luxury Fourplex | Real 5.5% Cap!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,756 SF

ZONING

LAC4

APN/PARCEL ID

5535-014-024

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.comMore Info
818-859-7242

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Elizabeth MaddoxMyunits.comMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.