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3836 Gramercy Place,
Los Angeles, California 90062

$1,100,000
3836 Gramercy Place, Los Angeles 90062

Property Details

Beds6 Baths6 Garage0
Bldg Size3 sq. ft

Property Description

We are pleased to offer the opportunity to acquire this six (6) unit value-add multifamily investment opportunity, located at 3836 Gramercy Place, Los Angeles 90062. The property is located in an Opportunity Zone, and was constructed of wood frame and stucco on a raised foundation, built in 1923 with a square footage of 3,004 on a 6,761-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of six (6) 1-bedroom + 1-bathroom units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. Given the location, attractive local area amenities, and opportunity to increase rental income (over 50% rental upside), this investment presents an excellent opportunity for an investor to acquire a unique premier property that will provide exponential returns.

Property Status: For Sale

Location

3836 Gramercy Place, Los Angeles, California 90062

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