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111 N Gramercy Pl, Los Angeles, CA 90004
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111 N Gramercy Pl Los Angeles, CA 90004

$1,225,000 Sold Price as of 06/07/2019
  • 4 Beds
  • 3 Baths
  • 1,965 Sq.Ft.
Sold
$1,225,000 Sold Price as of 06/07/2019 Refinance Your Mortgage
Map preview of 111 N Gramercy Pl, Los Angeles, CA 90004

Property Overview: 111 N Gramercy Pl Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,965 living square feet and 6,626 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Open Sunday Looking for Backup! RARE 2-UNIT OPPORTUNITY BY PRIME LARCHMONT VILLAGE! 2 Vacant Units (Single Family 1485 sq. ft. 3BR Home in front + Permitted 480 sq. ft. 1BR House in Rear). Both houses have been remodeled to move-in condition, and will be delivered 100% vacant. On a quiet residential street with many single family homes and centrally located between Larchmont Village and Koreatown. Main home is a Traditional-Style 3BR, 2BA floor plan that could make a great primary residence or generate $4000 a month. Rear house is a 1BR, 1BA + Loft that could rent for $2500 a month. Both units have remodeled kitchens with Quartz countertops, newer shaker style cabinets, and stainless steel appliances. Other highlights: New Floors, New drywall, Central AC, LED Recessed Lights, and Remodeled Bathrooms. 2 Car Garage too! A fantastic opportunity to acquire a cash flowing property in easy to rent and trendy location with historically low inventory. SMART INVESTMENT IN GREAT NEIGHBORHOOD!

Listed by Rachel Hsieh | BRE #01913428 | Keller Williams Realty Los Fel
Co-listed by Bryan Marks | BRE #01957066 | Keller Williams Realty Los Fel
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,626
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19456354
City
Los Angeles
County
Los Angeles
Time on Site
1270 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 15.4
  • Gross Scheduled Income: --
  • Net Operating Income: $55,000
  • Gross Operating Income: $78,000
  • Improvements Total: $148,022
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 111 N Gramercy Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • Total # of Units: 2
  • Parcel Number: 5516018007
Location / Neighborhood
Location Information
  • Directions: Between 3rd and Beverly. Just East of Larchmont Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 111 N Gramercy Pl

Last sold for $1,225,000 on June 7th, 2019

  • December, 2021

  • Dec 31, 2021

    Date

    Expired

    CRMLS: 320008075

    $1,450,000

    Price

  • Oct 15, 2021

    Date

    Active

    CRMLS: 320008075

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investment property with 2 detached houses on 1 lot!!! Can produce great rental income located by Prime Larchmont Village/Hancock Park areas a quiet tree lined residential street. Both houses have been remodeled kitchen w/ Quartz countertop, stainless steel appliances, front unit has a central A/C and heating, 2 homes on 1 lot(1,485 SF Single Story 3 bed, 2 baths home in front currently occupied by tenants till end of August 2022 @$3,600/mo.) and a permitted 480 SF 1 bed plus loft two story home in rear) Buyer shall take over the lease and the rear unit can be delivered vacant. Rear unit is great for ADU conversion! A great investment in a great neighborhood in Hancock Park area! Subject was appraised at $1.52M in May this year when refinanced!

  • June, 2019

  • Jun 8, 2019

    Date

    Sold

    CRMLS: 19456534

    $1,225,000

    Price

  • May 31, 2019

    Date

    Pending

    CRMLS: 19456534

    $1,200,000

    Price

  • May 13, 2019

    Date

    Active Under Contract

    CRMLS: 19456534

    $1,200,000

    Price

  • Apr 18, 2019

    Date

    Active

    CRMLS: 19456534

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Open Sunday! Looking for Backup Offers! RARE OPPORTUNITY BY PRIME LARCHMONT VILLAGE! 2 VACANT HOMES ON A LOT (Single Family 1485 sq. ft. 3BR Home in front + Permitted 480 sq. ft. 1BR House in Rear). Both houses have been remodeled to move-in condition, and will be delivered 100% vacant. On a quiet residential street with many single family homes and centrally located between Larchmont Village and Koreatown. The main home is a Traditional-Style 3BR, 2BA floor plan that could make a great primary residence or generate $4000 a month in rent. Rear house is a 1BR, 1BA + Loft that could rent for $2500 a month. A short stroll to everything! Both units have remodeled kitchens with Quartz countertops and stainless steel appliances. Other highlights: New Floors, New drywall, Central AC, LED Recessed Lights, and Remodeled Bathrooms. Property has plenty of outdoor space and common backyard. 2 Car Garage on site with remote too! SMART INVESTMENT IN A GREAT NEIGHBORHOOD!

  • June, 2019

  • Jun 8, 2019

    Date

    Sold

    CRMLS: 19456354

    $1,225,000

    Price

  • May 31, 2019

    Date

    Pending

    CRMLS: 19456354

    $1,200,000

    Price

  • May 10, 2019

    Date

    Active Under Contract

    CRMLS: 19456354

    $1,200,000

    Price

  • Apr 18, 2019

    Date

    Active

    CRMLS: 19456354

    $1,200,000

    Price

  • June, 2019

  • Jun 7, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,225,000

    Price

  • January, 2012

  • Jan 24, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 111 N Gramercy Pl

Assessed Value (2020): $1,249,500
Year Land Value Improved Value Assessed Value
2020 $999,600 $249,900 $1,249,500

Home Value Compared to the Market

This property vs the competition

111 N Gramercy Pl sold on June 7, 2019 for 5.81% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $610.69 per/sqft which puts the price per square foot 22.8% lower than the current median sale per square foot for the city of Los Angeles.

About 111 N Gramercy Pl

Detailed summary of property

111 N Gramercy Pl is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,965 living square feet, and sits on an approximately 6,626 square foot lot. 111 N Gramercy Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,225,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.81% lower than the current median priced home. Local homes that are currently for sale include 5851 La Mirada Ave, 6239 Banner Ave and 1211 N Normandie Ave. While the average home in Los Angeles, CA is selling in 100 days, 111 N Gramercy Pl has a days on market of 21 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 111 N Gramercy Pl Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 111 N Gramercy Pl

Public county record property details
Beds
3
Baths
2
Year built
1912
Sq. Ft.
1,485
Lot Size
6,626
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5516-018-007

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
68
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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