5700 S Gramercy Place,Los Angeles, CA 90062
Los Angeles, CA 90062
Description
Property is tenant occupied. With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages on a corner lot, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Located in an Opportunity Zone and 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, which is currently occupied by one Section 8 tenant paying $2,313. The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent, the other tenant pays $568 and is not Section 8). Priced right, this is an excellent investment opportunity. Buyer to do own investigations. ADU Potential!
Details
| MLS # | 25607637 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 142 |
| Listing Provided By | Coldwell Banker Realty | Taylor Light |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,538 |
| Garage | 3 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | LAR2 |
| Acreage | 0.15 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
Exterior
| Exterior Features | Dock |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Door Multi, Garage |
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90062 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90062) | |
Price: $799,000 low | high Med: $808,500 sqft: 2,538 low | high Med: 2,238 $ / sqft: $315 low | high Med: $392 On site: 142 low | high Med: 61.5 | |
Market Activity 90062
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90062 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90062) | |
Price: $799,000 low | high Med: $808,500 sqft: 2,538 low | high Med: 2,238 $ / sqft: $315 low | high Med: $392 On site: 142 low | high Med: 61.5 | |
