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5700 S Gramercy Pl, Los Angeles, CA 90062
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5700 S Gramercy Pl Los Angeles, CA 90062

$849,000
  • 4 Beds
  • 3 Baths
  • 2,538 Sq.Ft.
For Sale
$849,000 Get Pre-Qualified
Map preview of 5700 S Gramercy Pl, Los Angeles, CA 90062

Property Overview: 5700 S Gramercy Pl Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,538 living square feet and 6,386 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: Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer / Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, currently vacant - Set your own rent with tenants paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right. This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

Listed by Taylor Light | BRE #02084441 | Coldwell Banker Realty
Last checked: 12 minutes ago | Last updated: April 14th, 2024 | Source CRMLS | DOM: 97
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Home details

Lot Sq. Ft
6,386
HOA Dues
$0/mo
Year built
1926
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
23306463
City
Los Angeles
County
Los Angeles
Time on Site
110 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $527
  • Total Rent: $527
  • Pro Forma/Market Rent: $527
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,081
  • Total Rent: $1,081
  • Pro Forma/Market Rent: $1,081
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: --
  • Net Operating Income: $34,135
  • Gross Operating Income: $50,436
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $9,000
  • Gardener: $1,200
  • Insurance: $2,500
  • Water/Sewer: $2,400

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Property Details for 5700 S Gramercy Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Stackable
Room Information
  • Flooring: Tile, Laminate, Carpet
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Door Features: Double Door Entry
Exterior Features
Exterior Information
  • Dock Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • Has Parking
  • Parking Features: Garage - Three Door
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5005018015
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Slauson, East of Van Ness, West of Western Ave.
View more facts & features

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Sale History for 5700 S Gramercy Pl

Last sold for $605,000 on April 17th, 2019

  • January, 2024

  • Jan 13, 2024

    Date

    Active

    CRMLS: 23306463

    $899,000

    Price

  • December, 2022

  • Dec 6, 2022

    Date

    Canceled

    CRMLS: 22169949

    $899,000

    Price

  • Jun 20, 2022

    Date

    Active

    CRMLS: 22169949

    $959,000

    Price

  • Listing provided courtesy of CRMLS

    This Triplex has no common walls and is individually metered for gas, electricity, and water. This Corner Lot Triplex offers Three Stand-Alone Cottages, each with nice outdoor patios, private yard space, and In-Unit Washer / Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house paying $2,495 with tenant paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,040 total for Guaranteed Rent!). Priced right - This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

  • May, 2022

  • May 3, 2022

    Date

    Canceled

    CRMLS: 22144739

    $899,000

    Price

  • Apr 8, 2022

    Date

    Active

    CRMLS: 22144739

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    This Triplex has no common walls and is individually metered for gas, electricity, and water. This Corner Lot Triplex offers Three Stand-Alone Cottages, each with nice outdoor patios, private yard space, and In-Unit Washer / Dryer. Three Single Car Garages with one vacant. The Front unit is an Upgraded 2 Bd / 1 Ba house, which is currently vacant with a large fenced in yard - Perfect for Owner/User or to set your own market rent with tenant paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Tenant Section 8 for Guaranteed Rent!). This is perfect for a low-maintenance income property or to live in one and rent out the other Units. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

  • April, 2019

  • Apr 17, 2019

    Date

    Sold

    CRMLS: 19443346

    $605,000

    Price

  • Mar 28, 2019

    Date

    Active Under Contract

    CRMLS: 19443346

    $599,000

    Price

  • Mar 15, 2019

    Date

    Active

    CRMLS: 19443346

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Looking for a Triplex with no common walls and individually metered? Say no more! This Corner lot Triplex offers three separate structures and are individually metered for gas and electric utilities. Two units consist of 1 bedroom/ 1 bath, and one 2 bedroom/1 bath unit that was recently renovated. All units have mixed flooring carpet and vinyl and they have their own washer and dryer. Property is currently tenant occupied; PLEASE DO NOT DISTURB OCCUPANTS. This property is perfect for an Investor who is looking for a low-maintenance income property. Needs a few interior cosmetic repairs but in overall good condition. Property is centrally located, close to shopping centers, schools, parks, public transportation and short drive to Downtown LA and it's amenities. Come take a look at this well priced Triplex today!

  • April, 2019

  • Apr 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $605,000

    Price

  • March, 2015

  • Mar 25, 2015

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

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Tax History for 5700 S Gramercy Pl

Assessed Value (2020): $617,100
Year Land Value Improved Value Assessed Value
2020 $433,500 $183,600 $617,100

Home Value Compared to the Market

This property vs the competition

5700 S Gramercy Pl is listed 30.69% lower 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 $334.52 per/sqft which puts the price per square foot 56.78% lower than the median price per square foot for the city of Los Angeles.

About 5700 S Gramercy Pl

Detailed summary of property

5700 S Gramercy Pl is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 4 bedrooms, 3 bathrooms, roughly 2,538 living square feet, and sits on an approximately 6,386 square foot lot. 5700 S Gramercy Pl was first listed on ArdentRealEstateGroup.com on January 13, 2024. The homeowner is currently asking $849,000 and was originally asking $899,000. 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 30.69% lower than the median priced home. Local competing homes currently for sale include 2150 W 62nd St, 2317 Hyde Park Blvd and 6131 S Hobart Blvd. While the average home in Los Angeles, CA is selling in 96 days, 5700 S Gramercy Pl has a days on market of 97 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 5700 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 5700 S Gramercy Pl

Public county record property details
Beds
3
Baths
3
Year built
1926
Sq. Ft.
2,538
Lot Size
6,384
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
646
APN
5005-018-015

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
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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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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