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971 S Gramercy Dr, Los Angeles, CA 90019
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971 S Gramercy Dr Los Angeles, CA 90019

$1,800,000 Sold Price as of 11/16/2022
  • 8 Beds
  • 6 Baths
  • 4,660 Sq.Ft.
Sold
$1,800,000 Sold Price as of 11/16/2022 Refinance Your Mortgage
Map preview of 971 S Gramercy Dr, Los Angeles, CA 90019

Property Overview: 971 S Gramercy Dr Los Angeles, CA has 8 bedrooms, 6 bathrooms, 4,660 living square feet and 9,374 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Good for investment and development. Property is sold As Is in its present condition. Buyer to check all the permits and room counts.

Listed by Sue Choi | BRE #00943234 | Choice 100 Realty, Inc.
Last checked: 13 minutes ago | Last updated: November 28th, 2022 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft
9,374
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22181113
City
Los Angeles
County
Los Angeles
Time on Site
647 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,144
  • Total Rent: $1,144
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $819
  • Total Rent: $819
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,164
  • Total Rent: $1,164
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,236
  • Total Rent: $1,236
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 22.95
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 971 S Gramercy Dr

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
Property Information
  • No View
  • View: None
  • Total # of Units: 6
  • Parcel Number: 5081032016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Olympic Blvd and West of Western Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 971 S Gramercy Dr

Last sold for $1,800,000 on November 16th, 2022

  • November, 2022

  • Nov 16, 2022

    Date

    Sold

    CRMLS: 22181113

    $1,800,000

    Price

  • Jul 21, 2022

    Date

    Active

    CRMLS: 22181113

    $2,000,000

    Price

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: 18370424

    $4,500,000

    Price

  • Aug 3, 2018

    Date

    Withdrawn

    CRMLS: 18370424

    $4,500,000

    Price

  • Jul 30, 2018

    Date

    Active

    CRMLS: 18370424

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    This price includes the building next door which is 967 S. Gramercy Dr. (building; 2412sf, lot; 6250sf, zone; R3). Good for investment and development in desirable Korea town. Property is sold in As-Is current condition, Buyer checks all the permits and room counts.

  • October, 2018

  • Oct 25, 2018

    Date

    Expired

    CRMLS: 18372900

    $4,700,000

    Price

  • Aug 6, 2018

    Date

    Active

    CRMLS: 18372900

    $4,700,000

    Price

  • Listing provided courtesy of CRMLS

    The sale of two adjacent properties: 967 S Gramercy Dr & 971 S Gramercy Dr.967 S Gramercy is a single family house, tenant-occupied.971 S Gramercy is a 5-unit income property, fully occupied.Ideal for apartment development. Total of 15,623 sf of land, R3 zoned, located in the transit oriented community incentive area (up to 70% density bonus possible). Buyer must verify all info and perform their own research and feasibility study.

  • July, 2015

  • Jul 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,700,000

    Price

  • September, 2004

  • Sep 22, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 971 S Gramercy Dr

Assessed Value (2020): $1,840,532
Year Land Value Improved Value Assessed Value
2020 $1,731,890 $108,642 $1,840,532

Home Value Compared to the Market

This property vs the competition

971 S Gramercy Dr sold on November 16, 2022 for 68.07% 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 $429.18 per/sqft which puts the price per square foot 43.15% lower than the current median sale per square foot for the city of Los Angeles.

About 971 S Gramercy Dr

Detailed summary of property

971 S Gramercy Dr is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 4,660 living square feet, and sits on an approximately 9,374 square foot lot. 971 S Gramercy Dr was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,800,000. 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 68.07% higher than the current median priced home. Local homes that are currently for sale include 848 S Normandie Ave, 926 S Mariposa Ave and 1138 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 96 days, 971 S Gramercy Dr has a days on market of 103 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 971 S Gramercy Dr 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 971 S Gramercy Dr

Public county record property details
Beds
7
Baths
10
Year built
1922
Sq. Ft.
4,660
Lot Size
9,374
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
175,176
APN
5081-032-016

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%)

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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