713 N Gramercy PL new

Los Angeles,CA 90038

$ 3695000

- Bed

- Bath

7554 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,554 sqft

Price per Sqft $489

MLS Listing ID BB24215884

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $44,318

Lot Size 6,756 Sqft

Acres 0.1551

Property Description

713 N Gramercy Pl is an ultra-premium 2024 Opportunity Zone fourplex located just steps away from the vibrant Larchmont Village, with its trendy shops, restaurants, and conveniences along Larchmont Blvd. You'll also be minutes from the iconic Paramount Studios and have easy access to the 101 Freeway- a major draw for high-end tenants! This property is ready for immediate closing and can be delivered vacant or leased—an ideal opportunity for 1031 exchange buyers and Opportunity Zone investors.

This fourplex consists of four impressive 4-bedroom, 4-bathroom tri-level townhome-style units, each boasting huge decks off the living spaces and bedrooms. 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 upscale, modern units and fantastic outdoor space with city views, ensures quick, easy rentals.

These premium townhomes feature expansive, tenant-friendly kitchens and living rooms, designer tiles and stones, and include all kitchen appliances. Noteworthy features include massive balconies with Hollywood Sign views, modern soft-close cabinets, 10 ft high ceilings, huge walk-in closets, balconies off both living spaces and bedrooms, and countless windows for maximum light. The interiors are finished with natural wood waterproof vinyl flooring, marble waterfall islands, and sleek black hardware.

In addition to high returns, buyers will enjoy numerous perks: tons of parking, beautifully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new everything, minimal maintenance, separate meters for gas, water, and electricity, and strong rental desirability for years to come. Once fully leased, we project a solid 5.44% cap rate and $200,959 in yearly gross rent. Call now to lock this up before it's gone!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAC4

Rooms

Ensuite Laundry Washer Hookup,Gas Dryer Hookup,Inside

Interior

Laundry Location Washer Hookup,Gas Dryer Hookup,Inside

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer

Laundry Washer Hookup,Gas Dryer Hookup,Inside

Exterior

Garage Garage,Off Street

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights,Neighborhood

Parking Type Garage,Off Street

Total Parking Spaces 10

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5535014024

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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