5700 Gramercy Place, Los Angeles

$849,000

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4 Beds
3 Baths
2,538 Sqft
.15 Acre
3 Garages

Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer / Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, currently vacant - Set your own rent with tenants paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right. This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

Essential Information

MLS® #
23306463
Price
$849,000
Bedrooms
4
Bathrooms
3.00
Square Footage
2,538
Acres
0.15
Year Built
1926
Type
Residential Income
Style
Bungalow
Status
Active

Community Information

Address
5700 Gramercy Place
Area
PHHT - Park Hills Heights
City
Los Angeles
County
Los Angeles
Zip Code
90062
Senior Community
N

Amenities

Parking
Door-Multi, Garage
# of Garages
3
Garages
Door-Multi, Garage
View
None

Interior

Interior
Carpet, Laminate, Tile
Interior Features
Ceiling Fan(s)
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
Stories
One

Exterior

Exterior Features
Dock

Additional Information

Date Listed
January 13th, 2024
Days on Market
110
Zoning
LAR2

Listing Details

Agent
Taylor Light
Office
Coldwell Banker Realty
Property History
Price Reduced from $899,000 to $849,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 11:45pm PDT. 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.