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430 S Gramercy Pl, Los Angeles, CA 90020
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430 S Gramercy Pl Los Angeles, CA 90020

$7,150,000 Sold Price as of 02/27/2023
  • 23 Beds
  • 32.25 Baths
  • 20,497 Sq.Ft.
Sold
$7,150,000 Sold Price as of 02/27/2023 Refinance Your Mortgage
Map preview of 430 S Gramercy Pl, Los Angeles, CA 90020

Property Overview: 430 S Gramercy Pl Los Angeles, CA has 23 bedrooms, 32.25 bathrooms, 20,497 living square feet and 15,018 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Gramercy Townhouse, a 30-unit apartment community located in prime Wilshire Center; North of Wilshire & West of Western. This property provides an opportunity to acquire a value-add asset in one of the most desirable neighborhoods in Los Angeles. Built in 1964, Gramercy Townhouse is a three-story, 30-unit apartment community located on South Gramercy Place in Los Angeles, CA. The property is comprised of one residential building totaling 20,547 square feet, situated on a 0.34-acre site. The apartment homes feature efficiencies, studios, one-bedroom and two-bedroom floor plans. Gramercy Townhouse boasts a spacious courtyard, swimming pool, patio tables with umbrellas, elevator, gated garage parking, and laundry room. Potential to add 2 ADU’s, one studio that already has new plumbing, the other slightly heavier lift for ~725 square feet. Units not touched in terms of modernization.

Listed by Brett Bayless | BRE #01718244 | Brett Bayless, Broker
Last checked: 10 minutes ago | Last updated: February 27th, 2023 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
15,018
HOA Dues
$0/mo
Year built
1964
Garage
28 Car
Property Type:
Apartment
Status
Sold
MLS#
OC23004064
City
Los Angeles
County
Los Angeles
Time on Site
493 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 30
  • Total # of Buildings: 1
  • # of Leased Units: 30
  • # of Electric Meters: 30
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,429
  • Total Rent: $4,740
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 7
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,642
  • Total Rent: $11,550
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 17
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 17
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $24,842
  • Total Rent: $36,550
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,988
  • Total Rent: $7,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $724,080
  • Net Operating Income: $300,090
  • Gross Operating Income: --
  • # of Rented Garages: 28
  • Laundry Income: $4,200
  • Laundry Own/Lease: Own
  • Other Income 1: $5,483
  • Other Income Description: App Fee/Recovery Deposits
Annual Expense Breakdown
  • Total Operating Expense: $237,005
  • Gas/Fuel: $6,156
  • Trash: $9,871
  • Insurance: $10,500
  • Professional Management: $21,484
  • Water/Sewer: $10,032

Property Details for 430 S Gramercy Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Carpet, Laminate, Vinyl
Kitchen Information
  • Has Appliances
  • Electric Range, Disposal, Refrigerator, Tankless Water Heater, Water Heater Central
Interior Features
  • Ceiling Fan(s), Wired for Data
  • Levels: Three Or More
  • Window Features: Garden Window(s), Screens
  • Door Features: Double Door Entry
Exterior Features
Exterior Information
  • Roof: Membrane
Exterior Features
  • Has Pool
  • Pool Features: Private, Fenced, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 28
  • # of Parking Spaces: 28
  • Has Parking
  • Parking Features: Built-In Storage, Controlled Entrance, Driveway, Paved, Garage, Gated, On Site, Workshop in Garage
Lot Information
  • Lot Features: Back Yard, Garden, Landscaped, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 30
  • Parcel Number: 5504030023
  • Year Built Source: Public Records
  • Property is not Attached
  • Accessibility Features: Accessible Elevator Installed
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East Side of Gramercy Between 4th and 5th
Neighborhood Information
  • Community Features: Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 430 S Gramercy Pl

Last sold for $7,150,000 on February 27th, 2023

  • February, 2023

  • Feb 27, 2023

    Date

    Sold

    CRMLS: OC23004064

    $7,150,000

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: OC23004064

    $8,500,000

    Price

Tax History for 430 S Gramercy Pl

Assessed Value (2020): $1,697,785
Year Land Value Improved Value Assessed Value
2020 $808,465 $889,320 $1,697,785

Home Value Compared to the Market

This property vs the competition

430 S Gramercy Pl sold on February 27, 2023 for 614.29% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $414.69 per/sqft which puts the price per square foot 45.07% lower than the current median sale per square foot for the city of Los Angeles.

About 430 S Gramercy Pl

Detailed summary of property

430 S Gramercy Pl is a apartment that recently sold in Los Angeles, CA 90020. This apartment offered 23 bedrooms, 32.25 bathrooms, roughly 20,497 living square feet, and sits on an approximately 15,018 square foot lot. 430 S Gramercy Pl was first listed on ArdentRealEstateGroup.com on January 10, 2023. The homeowner sold the property for $7,150,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 614.29% higher than the current median priced home. Local homes that are currently for sale include 1445 N Avenue 47, 1600 Camden Ave and 11503 S New Hampshire Ave. While the average home in Los Angeles, CA is selling in 94 days, 430 S Gramercy Pl has a days on market of 30 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 430 S Gramercy Pl 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 430 S Gramercy Pl

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
20,497
Lot Size
15,018
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
130,131
APN
5504-030-023

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
$790,000
Median List Price/Sq.Ft.
$653
Median Sold Price
$520,000
Median Sold Price/Sq.Ft.
$702
Total Inventory
50
Median Sale to List Price %
104%
Avg Days on Market
43
Loan Type
Conventional (36.36%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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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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