Property Details
About this Property
713 N Gramercy Pl is 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 invest
MLS Listing Information
MLS #
CRBB24215884
MLS Source
California Regional MLS
Interior Features
Appliances
Dishwasher, Microwave, Other, Oven - Gas, Oven Range - Gas, Refrigerator, Dryer, Washer
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Garage, Off-Street Parking, Garage: 6 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Elizabeth Maddox
Myunits.com Inc.
License #: 01921425
Phone: –
Co-Listing Agent
Isaac Davidi
On Track Property
License #: 01819489
Phone: (310) 877-9425
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
713 N Gramercy Pl is a Residential Income in Los Angeles, CA 90038. This – square foot property sits on a 6,756 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,685,000 and was built in 2024. This address can also be written as 713 N Gramercy Pl, Los Angeles, CA 90038.
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This listing information is up-to-date as of February 03, 2025. For the most current information, please contact Elizabeth Maddox
