210 S Commonwealth Ave & 941 S Gramercy PL, Los Angeles, To Be Sold Combined, Total $6,285,000! Location!!! Priced to Sell! Corner Lot! UNBEATABLE GRM 11.55!! Low Expenses & Easy Maintenance! This 14-unit apartment building is offered only in combination with 941 S Gramercy. Conveniently located close to Hollywood, Downtown LA, Larchmont, with access to the 110, 101, and 10 Fwy. Built in 1980, the property features ten (10) 2-bedroom, 1-bathroom units and four (4) 1-bedroom, 1-bathroom units. Most units have been upgraded and are in excellent condition. The building includes twenty (20) on-site gated parking spaces and an on-site laundry facility, with low operating expenses and easy maintenance. Rents are currently below market, offering strong upside potential. Current gross rental income: $25,900/month ($310,800 annually). Excellent long-term investment with stable cash flow and future growth potential. Sellers motivated.
| MLS # | 26986135 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 53 |
| Listing Provided By | Ivy Realty Co. | Jae Young Lee |
| Bed(s) | 24 |
|---|---|
| Bath(s) | 14 |
| SQ Feet | 10,884 |
| Story(s) | 1 |
| Units | 14 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.17 |
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Attached Garage Yes / No | No |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $3,590,000 low | high Med: $887,000 sqft: 10,884 low | high Med: 948 $ / sqft: $330 low | high Med: $936 On site: 53 low | high Med: 10 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $3,590,000 low | high Med: $887,000 sqft: 10,884 low | high Med: 948 $ / sqft: $330 low | high Med: $936 On site: 53 low | high Med: 10 | |