453 South Gramercy Place

Los Angeles CA 90020

8594 sq. ft.

8008 sq. ft.

Other

Currently for sale - view listing

Overview

LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.

Features

8 bedrooms

14 bathrooms

13 carspaces

8594 sq. ft. floor area

8008 sq. ft. lot size

Other

Property history for 453 South Gramercy Place

2024

Rented

Undisclosed

04 Sep 2024 by Apple Tree Realty

2023

Rented

Undisclosed

14 Mar 2023 by Apple Tree Realty

2020

Sold

$4,050,000

20 May 2020 by Josh Kaplan, of Transwestern Property Company West, Inc.

Happy sellers in Los Angeles

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