4817 S Gramercy Pl, Los Angeles, CA 90062

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4817 S Gramercy Pl Los Angeles, CA 90062

$1,200,000 Sold Price as of 12/30/2021

9 Beds
5 Baths
3,360 Sq.Ft.

Sold

$1,200,000 Sold Price as of 12/30/2021 Refinance Your Mortgage

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Map preview of 4817 S Gramercy Pl, Los Angeles, CA 90062

Property Overview: 4817 S Gramercy Pl Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,360 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredible investment opportunity with potential to be over a 6.75% cap rate! This property is perfect for an Investor who is looking for a low-maintenance income property centrally located, close to shopping centers, schools, parks, public transportation and short drive to Downtown LA and it's amenities. Completely remodeled. Building has individual water heaters, separate gas meters and one water meter. All utilities are billed back to tenants so there are very low landlord expenses. Room for 4 car parking in the back which can be rented out to tenants for additional income. Laundry machines owned by landlord which also provide extra income. Parking and laundry income are not currently reflected in the building income.

Listed by Joseph Segal | BRE #01897720 | Kingstone Properties, Inc.

Last checked: 11 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 110

Home details

Lot Sq. Ft: 6,500
HOA Dues: $0/mo
Year built: 1919
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21754180
City: Los Angeles
County: Los Angeles
Time on Site: 1047 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,025
Total Rent: $3,025
Pro Forma/Market Rent: $3,025

Unit Breakdown 3

# of Units: 1
# of Beds: 5
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,150
Total Rent: $4,150
Pro Forma/Market Rent: $4,150

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 12.48
Gross Scheduled Income: --
Net Operating Income: $85,363
Gross Operating Income: $104,100

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 4817 S Gramercy Pl

Interior Features

Cooling Information

No Cooling
None

Heating Information

No Heating
None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Uncovered

Property Information

Total # of Units: 3
Parcel Number: 5015013019

Location / Neighborhood

Location Information

Directions: Gramercy Pl just south of 48th St.

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Sale History for 4817 S Gramercy Pl

Last sold for $1,200,000 on December 30th, 2021

September, 2021
Sep 23, 2021

Date

Active

CRMLS: 21754180

$1,249,000

Price
Sep 7, 2021

Date

Pending

CRMLS: 21754180

$1,249,000

Price
Aug 12, 2021

Date

Price Change

CRMLS: 21754180

$1,249,000

Price
Jun 28, 2021

Date

Active

CRMLS: 21754180

$1,299,000

Price
August, 2019
Aug 29, 2019

Date

Sold

CRMLS: 19469828

$985,000

Price
Jun 28, 2019

Date

Active Under Contract

CRMLS: 19469828

$949,000

Price
Jun 12, 2019

Date

Active

CRMLS: 19469828

$949,000

Price
Listing provided courtesy of CRMLS

*** 7 % CAP ***** Incredible investment opportunity - or GREAT OWNER/USER - live in one and rent the other two units for income- all units will be delivered vacant-This property is perfect for an Investor who is looking for a low-maintenance income property centrally located, close to shopping centers, schools, parks, public transportation and short drive to Downtown LA and it's amenities. Completely remodeled and reimagined to perfection!

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August, 2019
Aug 28, 2019

Date

Sold (Public Records)

Public Records

$985,000

Price
March, 2018
Mar 10, 2018

Date

Sold

CRMLS: 17198344

$575,000

Price
Jan 19, 2018

Date

Pending

CRMLS: 17198344

$625,000

Price
Dec 9, 2017

Date

Active Under Contract

CRMLS: 17198344

$625,000

Price
Nov 30, 2017

Date

Price Change

CRMLS: 17198344

$625,000

Price
Nov 28, 2017

Date

Active

CRMLS: 17198344

$675,000

Price
Oct 30, 2017

Date

Pending

CRMLS: 17198344

$675,000

Price
Sep 1, 2017

Date

Active

CRMLS: 17198344

$675,000

Price
Sep 1, 2017

Date

Expired

CRMLS: 17198344

$675,000

Price
Feb 1, 2017

Date

Active

CRMLS: 17198344

$675,000

Price
Listing provided courtesy of CRMLS

3 units. The first floor has living room with fireplace, one bedroom and dining room with built-in cabinetry. The second floor unit has a spacious living room, two bedrooms (one with an office) and a bonus room. The third unit (tenant occupied) is a single located on the first floor. Parking in rear. Court confirmation required.

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March, 2018
Mar 9, 2018

Date

Sold (Public Records)

Public Records

$575,000

Price

Tax History for 4817 S Gramercy Pl

Assessed Value (2020): $985,000

Year	Land Value	Improved Value	Assessed Value
2020	$700,000	$285,000	$985,000

Home Value Compared to the Market

This property vs the competition

4817 S Gramercy Pl sold on December 30, 2021 for 4.96% 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 $371.73 per/sqft which puts the price per square foot 50.76% lower than the current median sale per square foot for the city of Los Angeles.

About 4817 S Gramercy Pl

Detailed summary of property

4817 S Gramercy Pl is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 3,360 living square feet, and sits on an approximately 6,500 square foot lot. 4817 S Gramercy Pl was first listed on ArdentRealEstateGroup.com on June 28, 2021. The homeowner sold the property for $1,200,000. 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 4.96% higher than the current median priced home. Local homes that are currently for sale include 3877 Denker Ave, 5116 S Budlong Ave and 1420 W 39th St. While the average home in Los Angeles, CA is selling in 93 days, 4817 S Gramercy Pl has a days on market of 110 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 4817 S Gramercy Pl Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4817 S Gramercy Pl

Public county record property details

Beds: 3
Baths: 3
Year built: 1919
Sq. Ft.: 3,360
Lot Size: 6,500
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 386
APN: 5015-013-019

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$855,000

Median List Price/Sq.Ft.

$578

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$553

Total Inventory

Median Sale to List Price %

85.49%

Avg Days on Market

Loan Type

Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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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.