310 S Gramercy Pl #5, Los Angeles, CA 90020

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310 S Gramercy Pl #5 Los Angeles, CA 90020

$2,500,000 Sold Price as of 08/12/2022

11 Beds
10 Baths
6,300 Sq.Ft.

Sold

$2,500,000 Sold Price as of 08/12/2022 Refinance Your Mortgage

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Map preview of 310 S Gramercy Pl #5, Los Angeles, CA 90020

Property Overview: 310 S Gramercy Pl #5 Los Angeles, CA has 11 bedrooms, 10 bathrooms, 6,300 living square feet and 7,511 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is conveniently located in Hancock Park nearby public transportation, grocery stores, restaurants and post office. Soft-story(earthquake) retrofitting has been completed, 3 units are renovated, there is 2 coating on the roof. Surveillance camera and automatic gate are also installed. New asphalt paved with parking lot.

Listed by Hye Ok Lee | BRE #01878122 | New Star Realty
Co-listed by Jenny Nam | BRE #01008039 | New Star Realty

Last checked: 8 minutes ago | Last updated: March 1st, 2023 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft: 7,511
HOA Dues: $0/mo
Year built: 1956
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22149995
City: Los Angeles
County: Los Angeles
Time on Site: 799 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 9
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $21,000
Pro Forma/Market Rent: $2,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,161
Total Rent: $13,932
Pro Forma/Market Rent: $2,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $20,400
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $20,400
Pro Forma/Market Rent: $2,000

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,199
Total Rent: $14,399
Pro Forma/Market Rent: $2,300

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,615
Total Rent: $19,387
Pro Forma/Market Rent: $2,000

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,600
Total Rent: $19,200
Pro Forma/Market Rent: $2,000

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,165
Total Rent: $13,982
Pro Forma/Market Rent: $2,000

Unit Breakdown 9

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,450
Total Rent: $17,405
Pro Forma/Market Rent: $2,300

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.9
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $160,104

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 310 S Gramercy Pl #5

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 9
Has Parking
Parking Features: Carport

Property Information

Total # of Units: 9
Parcel Number: 5504031020

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: East of South Wilton Pl / South of West 3rd St

View more facts & features

Local Los Angeles Agent

Sale History for 310 S Gramercy Pl #5

Last sold for $2,500,000 on August 12th, 2022

March, 2023
Mar 1, 2023

Date

Expired

CRMLS: 22224837

$1,850

Price
Dec 13, 2022

Date

Active

CRMLS: 22224837

$1,850

Price
Listing provided courtesy of CRMLS

This unit is close to restaurants, markets, and public transportation. This one-bedroom, one-bathroom unit has laminate floors, lots of natural light, a new kitchen, and new bathrooms.

Continue Reading
August, 2022
Aug 12, 2022

Date

Sold

CRMLS: 22149995

$2,500,000

Price
Apr 25, 2022

Date

Active

CRMLS: 22149995

$2,550,000

Price
April, 2022
Apr 25, 2022

Date

Canceled

CRMLS: 22143292

$2,650,000

Price
Apr 4, 2022

Date

Active

CRMLS: 22143292

$2,650,000

Price
Listing provided courtesy of CRMLS
April, 2022
Apr 15, 2022

Date

Leased

CRMLS: 22143311

$1,700

Price
Apr 4, 2022

Date

Active

CRMLS: 22143311

$1,700

Price
Listing provided courtesy of CRMLS

First floor 1bad 1 bath with a lot of natural light cozy unit lockets in 9 unit small apartment. All new paint, new kitchen cabinet and new counter top.

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January, 2022
Jan 14, 2022

Date

Leased

CRMLS: 21106841

$1,600

Price
Nov 19, 2021

Date

Active

CRMLS: 21106841

$1,650

Price
Listing provided courtesy of CRMLS

This is a 1 bed , 1 bath the top floor unit, close to restaurants and public transportation with a lot of natural lights.

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September, 2021
Sep 14, 2021

Date

Active Under Contract

CRMLS: 21766640

$2,500,000

Price
Sep 10, 2021

Date

Active

CRMLS: 21766640

$2,500,000

Price
Aug 24, 2021

Date

Active Under Contract

CRMLS: 21766640

$2,500,000

Price
Jul 29, 2021

Date

Active

CRMLS: 21766640

$2,500,000

Price
Listing provided courtesy of CRMLS

Welcome to the heart of Koreatown. A distinctive, Los Angeles neighborhood nestled between the ever-growing Downtown market and the posh Beverly Hills suburb. 310 S Gramercy Pl is a mid-century style 9-unit apartment building which consists of seven (7) one-bedroom one-bathroom units and two (2) two-bedroom one-bathroom units. This three-story, gated apartment was built in 1956 and includes private parking for each tenant. The property features nine (9) covered parking spaces, an on-site laundry facility owned by the landlord, security cameras, and recently completed soft-story retrofit. This area is the premier location for long term rental growth assets. A long-term high-end market, the Koreatown area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Koreatown as average rents are pushing $3,000/month and as population growth is projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Koreatown and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets. A seasoned investor will capitalize on the renters neighborhood that is Koreatown for decades to come. With 310 S Gramercy Place you will achieve a healthy rental income from day one.

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July, 2021
Jul 29, 2021

Date

Canceled

CRMLS: 21733660

$1,550

Price
Jul 27, 2021

Date

Withdrawn

CRMLS: 21733660

$1,550

Price
May 18, 2021

Date

Active

CRMLS: 21733660

$1,550

Price
Listing provided courtesy of CRMLS

This unit is close to restaurants, markets, and public transportation. This one-bedroom, one-bathroom unit has hardwood floors, lots of natural light.

Continue Reading
July, 2021
Jul 29, 2021

Date

Canceled

CRMLS: 20653812

$1,700

Price
Jul 27, 2021

Date

Withdrawn

CRMLS: 20653812

$1,700

Price
Oct 30, 2020

Date

Active

CRMLS: 20653812

$1,700

Price
Listing provided courtesy of CRMLS

This unit is close to restaurants, markets, and public transportation. This one-bedroom, one-bathroom unit has laminate floors, lots of natural light, a new kitchen, and new bathrooms.

Continue Reading
July, 2021
Jul 29, 2021

Date

Canceled

CRMLS: 20643466

$1,650

Price
Jul 27, 2021

Date

Withdrawn

CRMLS: 20643466

$1,650

Price
May 18, 2021

Date

Price Change

CRMLS: 20643466

$1,650

Price
Oct 7, 2020

Date

Active

CRMLS: 20643466

$1,700

Price
Listing provided courtesy of CRMLS

This unit is close to restaurants, markets, and public transportation. This one-bedroom, one-bathroom unit has hardwood floors, lots of natural light, a new kitchen, and new bathrooms.

Continue Reading
June, 2021
Jun 13, 2021

Date

Expired

CRMLS: 20667024

$2,813,500

Price
Jan 13, 2021

Date

Price Change

CRMLS: 20667024

$2,813,500

Price
Dec 4, 2020

Date

Active

CRMLS: 20667024

$2,820,000

Price
Listing provided courtesy of CRMLS

This property is conveniently located in Hancock Park nearby public transportation, grocery stores, restaurants and post office. Soft-story(earthquake) retrofitting has been completed, 2 units are renovated, there is 2 coating on the roof. Surveillance camera and automatic gate are also installed.

Continue Reading
October, 2020
Oct 7, 2020

Date

Canceled

CRMLS: 20641900

$1,700

Price
Oct 5, 2020

Date

Active

CRMLS: 20641900

$1,700

Price
Listing provided courtesy of CRMLS

This unit is close to restaurants, markets, and public transportation. This one-bedroom, one-bathroom unit has hardwood floors, lots of natural light, a new kitchen, and new bathrooms.

Continue Reading
June, 2020
Jun 26, 2020

Date

Sold (Public Records)

Public Records

--

Price
October, 2019
Oct 1, 2019

Date

Expired

CRMLS: 19503472

$1,700

Price
Sep 12, 2019

Date

Withdrawn

CRMLS: 19503472

$1,700

Price
Aug 30, 2019

Date

Price Change

CRMLS: 19503472

$1,700

Price
Aug 24, 2019

Date

Active

CRMLS: 19503472

$1,750

Price
Listing provided courtesy of CRMLS

This unit is close to restaurants, markets and public transportation. This one-bedroom, one bathroom unit has hardwood floors, lots of natural light, new kitchen and new bathrooms.

Continue Reading
February, 2019
Feb 1, 2019

Date

Expired

CRMLS: 18383958

$2,600,000

Price
Sep 8, 2018

Date

Active

CRMLS: 18383958

$2,600,000

Price
Listing provided courtesy of CRMLS

Great investment property, 9 unit apartment near Hancock park area, very convenient location near bus station and super market. Earthquake work done, new coated roof.One of the unit is remodeled throughout. CCTV is installed.

Continue Reading
February, 2019
Feb 1, 2019

Date

Expired

CRMLS: 18405322

$1,550

Price
Dec 9, 2018

Date

Withdrawn

CRMLS: 18405322

$1,550

Price
Nov 7, 2018

Date

Active

CRMLS: 18405322

$1,550

Price
Listing provided courtesy of CRMLS
January, 2019
Jan 26, 2019

Date

Canceled

CRMLS: 18405330

$1,550

Price
Jan 12, 2019

Date

Active

CRMLS: 18405330

$1,550

Price
Jan 11, 2019

Date

Active Under Contract

CRMLS: 18405330

$1,550

Price
Nov 7, 2018

Date

Active

CRMLS: 18405330

$1,550

Price
Listing provided courtesy of CRMLS
September, 2018
Sep 8, 2018

Date

Canceled

CRMLS: 18377236

$2,800,000

Price
Aug 18, 2018

Date

Active

CRMLS: 18377236

$2,800,000

Price
Listing provided courtesy of CRMLS

Great investment property, 9 unit apartment near Hancock park area, very convenient location near bus station and super market. Earthquake work done, new coated roof.One of the unit is remodeled throughout.

Continue Reading
December, 2017
Dec 1, 2017

Date

Leased

CRMLS: 17285646

$1,650

Price
Nov 18, 2017

Date

Price Change

CRMLS: 17285646

$1,650

Price
Nov 15, 2017

Date

Price Change

CRMLS: 17285646

$1,700

Price
Nov 3, 2017

Date

Price Change

CRMLS: 17285646

$1,750

Price
Nov 1, 2017

Date

Active

CRMLS: 17285646

$1,850

Price
Listing provided courtesy of CRMLS
October, 2017
Oct 12, 2017

Date

Leased

CRMLS: 17272972

$1,450

Price
Sep 22, 2017

Date

Active

CRMLS: 17272972

$1,500

Price
Listing provided courtesy of CRMLS
September, 2017
Sep 1, 2017

Date

Expired

CRMLS: 16141026

$2,750,000

Price
Jul 18, 2017

Date

Withdrawn

CRMLS: 16141026

$2,750,000

Price
Jul 18, 2017

Date

Price Change

CRMLS: 16141026

$2,750,000

Price
Mar 6, 2017

Date

Active

CRMLS: 16141026

$2,250,000

Price
Mar 2, 2017

Date

Active Under Contract

CRMLS: 16141026

$2,250,000

Price
Jan 27, 2017

Date

Active

CRMLS: 16141026

$2,250,000

Price
Jan 24, 2017

Date

Active Under Contract

CRMLS: 16141026

$2,250,000

Price
Jul 6, 2016

Date

Price Change

CRMLS: 16141026

$2,250,000

Price
Listing provided courtesy of CRMLS

9 units (7 one bedroom/one bath units; 2 two bedroom/one bath units). Gated subterranean-type parking (9 spaces)

Continue Reading
April, 2016
Apr 5, 2016

Date

Price Change

CRMLS: 16112542

$2,250,000

Price
Listing provided courtesy of CRMLS

9 units (7 one bedroom/one bath units; 2 two bedroom/one bath units). Gated subterranean-type parking (9 spaces)

Continue Reading
June, 2015
Jun 25, 2015

Date

Sold (Public Records)

Public Records

$1,690,000

Price

Tax History for 310 S Gramercy Pl #5

Assessed Value (2020): $1,857,792

Year	Land Value	Improved Value	Assessed Value
2020	$1,208,831	$648,961	$1,857,792

Home Value Compared to the Market

This property vs the competition

310 S Gramercy Pl #5 sold on August 12, 2022 for 100.16% 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 $404.76 per/sqft which puts the price per square foot 48.83% lower than the current median sale per square foot for the city of Los Angeles.

About 310 S Gramercy Pl #5

Detailed summary of property

310 S Gramercy Pl #5 is a multi family that recently sold in Los Angeles, CA 90020. This multi family property offered 11 bedrooms, 10 bathrooms, roughly 6,300 living square feet, and sits on an approximately 7,511 square foot lot. 310 S Gramercy Pl #5 was first listed on ArdentRealEstateGroup.com on April 25, 2022. The homeowner sold the property for $2,500,000. 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 100.16% higher than the current median priced home. Local homes that are currently for sale include 1139 S Kingsley Dr, 1251 S Wilton Pl and 1145 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 100 days, 310 S Gramercy Pl #5 has a days on market of 48 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 310 S Gramercy Pl #5 Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 310 S Gramercy Pl #5

Public county record property details

Beds: 11
Baths: 9
Year built: 1956
Sq. Ft.: 6,300
Lot Size: 7,510
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 60
APN: 5504-031-020

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$795,000

Median List Price/Sq.Ft.

$674

Median Sold Price

$535,000

Median Sold Price/Sq.Ft.

$578

Total Inventory

Median Sale to List Price %

99.26%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 310 S Gramercy Pl #5

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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.