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Real Estate Listing at 713 N Gramercy Place, Los Angeles, CA, 90038 from The Knight Group LA

713 N Gramercy Place, Los Angeles, CA, 90038

The Knight Group LA
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$3,695,000
80 Days On Site

713 N Gramercy Place
Los Angeles, CA 90038

For Sale|Quadruplex|Active
0
Beds
0
Full Baths
0
Partial Baths
7,554
SqFt
$489
/SqFt
2024
Built
County:
Los Angeles
Listed by Elizabeth Maddox of Myunits.com Inc. [email protected]
Call Now: 503.200.4823
Is this the home for you? We can help make it yours.
503.200.4823
713 N Gramercy Place713 N Gramercy Place713 N Gramercy Place713 N Gramercy Place
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Monthly Payment (Est.)

$16,858
Calculator powered by Showcase IDX. Copyright ©2025 Information is deemed reliable but not guaranteed.

713 N Gramercy Pl is an ultra-high-end Larchmont Village 2024 fourplex that is FULLY LEASED with A+ tenants! This entire fourplex was rented in record speed (in the midst of the holidays) due to the unique and upscale nature of these units and the fantastic central location. The tenant demand was massive!!! Thanks to the strong rents, this will be delivered at a real 5.5% cap rate. We project that upon future re-rental of these units the rent will be exponentially higher outside of the holiday season- meaning massive future growth on this A+ piece of real estate.This exquisite non-rent-controlled property is made up of ALL 4 bedroom townhome-style units with top-tier finishes, huge decks off the living space, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. With 10 parking spots (6 garage and 4 exterior), this property offers an unheard-of parking advantage in the area. The unbeatable location, combined with the impressive units and the fantastic outdoor space with city views makes this the easiest property to rent out! AKA low vacancy rate!With low vacancy rate, high return, minimal expenses, no rent control, all separate meters, presence in an opportunity zone, a 1-year builder’s warranty and all new everything, this is an excellent investment opportunity. We project this stable asset will go up year after year!

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Listing Snapshot
Price 
$3,695,000
Days On Site 
80 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,554 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1551 Acres
Year Built 
2024
MLS® Number 
BB24215884
Status 
Active
Property Tax 
$44,318
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoStatus changed to Active
4 days agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.1551
Garage 
Yes
Garage Spaces 
6
Number Of Stories 
3
Parking 
GarageOff Street
Parking Spaces 
10
Property Condition 
New Construction
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7554
Stories 
Three Or More
Style 
Modern
Water Source 
Public
Zoning 
LAC4
Interior Features
Appliances 
DishwasherGas OvenGas RangeMicrowaveRefrigeratorDryerWasher
Cooling 
Central Air
Fireplace Features 
None
Flooring 
Vinyl
Heating 
Central
Laundry Features 
Washer HookupGas Dryer HookupInside
Window Features 
Double Pane Windows
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Exterior Features
Lot Features 
Landscaped
Pool Features 
None
Spa Features 
None
View 
CityCity LightsNeighborhood
Waterview 
CityCity LightsNeighborhood
Windows/Doors 
Double Pane Windows
Community Features
Building Access 
1
Community Features 
Sidewalks
Financing Terms Available 
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MLS Area 
C20 - Hollywood
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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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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