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1650 S Gramercy Pl, Los Angeles, CA 90019
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1650 S Gramercy Pl Los Angeles, CA 90019

$3,710,000 Sold Price as of 05/14/2021
  • 26 Beds
  • 20 Baths
  • 12,446 Sq.Ft.
Sold
$3,710,000 Sold Price as of 05/14/2021 Refinance Your Mortgage
Map preview of 1650 S Gramercy Pl, Los Angeles, CA 90019

Property Overview: 1650 S Gramercy Pl Los Angeles, CA has 26 bedrooms, 20 bathrooms, 12,446 living square feet and 15,232 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare offering, 20 units. 1650 S Gramercy Place is located in the Harvard Heights District, and borders the Arlington Heights District, just south of Koreatown. Located on the south east corner of Gramercy Pl & W 18th St. Close to the 10 freeway, and a short commute to Koreatown, Miracle Mile and more.

Listed by Wendy Morley | BRE #01788681 | Pinnacle Estate Properties, Inc.
Co-listed by Larry Smart | BRE #01024190 | Pinnacle Estate Properties, Inc.
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
15,232
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SR21024046
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Leased Units: 19
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,728
  • Total Rent: $1,728
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 10
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,420
  • Total Rent: $11,420
  • Pro Forma/Market Rent: $17,000
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,695
  • Total Rent: $1,086
  • Pro Forma/Market Rent: $17,152
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 13.3
  • Gross Scheduled Income: $280,334
  • Net Operating Income: $151,852
  • Gross Operating Income: $266,317
  • Garage Rental Income: $0
  • Laundry Income: $9,600
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $114,465
  • Electric: $1,500
  • Gas/Fuel: $285
  • New Taxes: $10,842
  • Trash: $4,400
  • Gardener: $4,500
  • Insurance: $12,000
  • Professional Management: $14,000
  • Water/Sewer: $1,400

Property Details for 1650 S Gramercy Pl

Interior Features
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Controlled Entrance, Covered
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 5073015009
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify, Unknown
Location / Neighborhood
Location Information
  • Directions: North of the 10, Between Venice & Washington, west of Western.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1650 S Gramercy Pl

Last sold for $3,710,000 on May 14th, 2021

  • May, 2021

  • May 16, 2021

    Date

    Sold

    CRMLS: SR21024046

    $3,710,000

    Price

  • Apr 9, 2021

    Date

    Pending

    CRMLS: SR21024046

    $3,750,000

    Price

  • Apr 2, 2021

    Date

    Hold

    CRMLS: SR21024046

    $3,750,000

    Price

  • Mar 8, 2021

    Date

    Pending

    CRMLS: SR21024046

    $3,750,000

    Price

  • Mar 6, 2021

    Date

    Hold

    CRMLS: SR21024046

    $3,750,000

    Price

  • Mar 6, 2021

    Date

    Active

    CRMLS: SR21024046

    $3,750,000

    Price

  • Mar 2, 2021

    Date

    Hold

    CRMLS: SR21024046

    $3,750,000

    Price

  • Mar 1, 2021

    Date

    Active

    CRMLS: SR21024046

    $3,750,000

    Price

  • October, 2020

  • Oct 5, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1650 S Gramercy Pl

Assessed Value (2020): $1,640,903
Year Land Value Improved Value Assessed Value
2020 $504,672 $1,136,231 $1,640,903

Home Value Compared to the Market

This property vs the competition

1650 S Gramercy Pl sold on May 14, 2021 for 194.35% higher 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 $301.3 per/sqft which puts the price per square foot 61.91% lower than the current median sale per square foot for the city of Los Angeles.

About 1650 S Gramercy Pl

Detailed summary of property

1650 S Gramercy Pl is a apartment that recently sold in Los Angeles, CA 90019. This apartment offered 26 bedrooms, 20 bathrooms, roughly 12,446 living square feet, and sits on an approximately 15,232 square foot lot. 1650 S Gramercy Pl was first listed on ArdentRealEstateGroup.com on March 2, 2021. The homeowner sold the property for $3,710,000. 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 194.35% higher than the current median priced home. Local homes that are currently for sale include 743 S Berendo St, 1625 Vineyard Ave and 1325 S Rimpau Blvd. 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 1650 S Gramercy Pl Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1650 S Gramercy Pl

Public county record property details
Beds
20
Baths
20
Year built
--
Sq. Ft.
12,446
Lot Size
15,232
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
65,66
APN
5073-015-009

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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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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