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1819 S Gramercy Pl, Los Angeles, CA 90019
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1819 S Gramercy Pl Los Angeles, CA 90019

$4,299,000
  • 33 Beds
  • 18 Baths
  • 15,851 Sq.Ft.
For Sale
$4,299,000 Get Pre-Qualified
Map preview of 1819 S Gramercy Pl, Los Angeles, CA 90019

Property Overview: 1819 S Gramercy Pl Los Angeles, CA has 33 bedrooms, 18 bathrooms, 15,851 living square feet and 17,804 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: JUST REDUCED $300,000. 1970's construction means LARGE units...in Arlington Heights. Mid City buildings, like this, are highly walkable to dining, retail and dining along Venice Blvd. and Western Ave. Seismically-retrofitted carport parking, as well as open spots in rear. Attractive curb appeal and 20+ years newer than the 'typical' LA building, built in the 50s or 60s. Massive, unrealize upside. Scheduled allowable rent increase of 4% in early 2024.Part of a 4-Building, 75-unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows: 17 units at 1876 Buckingham Rd., 20 units at 1554 S. Gramercy Pl. and 20 units at 2340-42 Crenshaw Bl.

Listed by Brice Head | BRE #01330706 | CBRE, Inc.
Last checked: 1 minute ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 187
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Home details

Lot Sq. Ft
17,804
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23324387
City
Los Angeles
County
Los Angeles
Time on Site
185 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,691
  • Total Rent: $5,074
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,702
  • Total Rent: $25,538
  • Pro Forma/Market Rent: $40,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.87%
  • Gross Rent Multiplier: 11.7
  • Gross Scheduled Income: --
  • Net Operating Income: $209,485
  • Gross Operating Income: $358,664
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1819 S Gramercy Pl

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Property Details for 1819 S Gramercy Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 5073018016
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 10 Freeway, exit on Western, to Washington Blvd. Turn onto Gramercy.
View more facts & features

Local Los Angeles Agent

Sale History for 1819 S Gramercy Pl

Last sold for $3,100,000 on February 24th, 2015

  • October, 2023

  • Oct 23, 2023

    Date

    Active

    CRMLS: 23324387

    $4,599,000

    Price

  • February, 2015

  • Feb 24, 2015

    Date

    Sold (Public Records)

    Public Records

    $3,100,000

    Price

  • May, 2005

  • May 18, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,850,000

    Price

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Tax History for 1819 S Gramercy Pl

Assessed Value (2020): $3,409,408
Year Land Value Improved Value Assessed Value
2020 $2,417,665 $991,743 $3,409,408

Home Value Compared to the Market

This property vs the competition

1819 S Gramercy Pl is listed 250.94% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $271.21 per/sqft which puts the price per square foot 64.96% lower than the median price per square foot for the city of Los Angeles.

About 1819 S Gramercy Pl

Detailed summary of property

1819 S Gramercy Pl is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 33 bedrooms, 18 bathrooms, roughly 15,851 living square feet, and sits on an approximately 17,804 square foot lot. 1819 S Gramercy Pl was first listed on ArdentRealEstateGroup.com on October 31, 2023. The homeowner is currently asking $4,299,000 and was originally asking $4,599,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 250.94% higher than the median priced home. Local competing homes currently for sale include 722 S Manhattan Pl, 730 Crenshaw Blvd and 2340 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1819 S Gramercy Pl has a days on market of 187 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1819 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 1819 S Gramercy Pl

Public county record property details
Beds
--
Baths
18
Year built
1972
Sq. Ft.
15,851
Lot Size
17,799
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
40,41
APN
5073-018-016

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
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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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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