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$4,299,000   Price Analysis
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1554 S Gramercy Pl
Los Angeles, CA 90019
Unknown bed 20 bath 13,792 SqFt ($311/SqFt)
0.29 acre lot. Built 1963
Listed 2023-10-23, Taxes $50,177
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

JUST REDUCED $300

000. A tried-and-true Arlington Heights building on a large corner lot. Mid City buildings, like this, are highly walkable to dining, retail a nd dining along Venice Blvd. and Western Ave. Secured-access entry to open courtyard-style configuration - and lots of parking in the seismically-retrofitted carports, in addition to a detached parking structure also.

Strong, corner lot location, as well. 4% rent increase opportunity in early 2024, too. Part of a 4-Building, 75 unit Portfolio Sal. Available together or separately. The other 3 addresses are as follows: 17 units at 1876 Buckingham Rd. 18 units at 1819 Gramercy Pl. 20 units at 2340-42 Crenshaw Bl.


Presented by Brice Head at
CBRE, Inc.


Property MLS #23-324341 from TheMLSCLAW

Total Bathrooms: 20
Full Bathrooms: 20

Heating Features: Wall

Lot Size Acres: 0.2913453
Lot Size Source: Assessor
Lot Size Square Feet: 12691

Garage Description: Carport

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 20
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 4950, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 22000, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 16200

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.26
Directions: 10 Freeway to Western, left on Venice Blvd to Gramercy Pl.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5073-007-008
Postal Code Plus 4: 4658
Zoning: LAR4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,288,209 + $2,834,059
$4,122,268
$50,177
2021$1,262,950 + $2,778,490
$4,041,440
$49,520
2020$1,100,000 + $3,000,000
$4,100,000
$51,217
2019$264,054 + $63,134
$327,188
$5,854
2018$258,877 + $61,897
$320,774
$5,644
2017$253,801 + $60,684
$314,485
$5,514
2016$248,825 + $59,495
$308,320
$5,230
2015$245,088 + $58,602
$303,690
$5,176
2014$240,288 + $57,455
$297,743
$5,333
2013$239,203 + $57,196
$296,399
$5,328
2012$234,513 + $56,075
$290,588
$5,394
2010$229,915 + $54,976
$284,891
$5,380
2009$228,740 + $54,696
$283,436
$5,204
2009$228,197 + $54,566
$282,763
$5,204
2008$224,255 + $53,624
$277,879
$5,053
2007$219,858 + $52,573
$272,431
$4,853

Price Changed 2024-04-03
$4,299,000
TheMLSCLAW
Listed 2023-10-23
$4,599,000
TheMLSCLAW
Sold 2020-06-16
$4,000,000
Public Record
Sold 2019-12-20
$4,100,000
Public Record
Listing removed 2016-07-20
$1,200
VFlyer
Listed for rent 2016-07-15
$1,200
VFlyer
Listing removed 2015-05-06
$950
VFlyer
Price Changed for rent 2015-05-01
$950
VFlyer
Listed for rent 2015-04-29
$900
VFlyer
Listing removed 2014-05-06
$700
VFlyer
Listed for rent 2014-04-28
$700
VFlyer
Sold 1976-09-30
$155,000
Public Record

Net Operating Income: 226136

Total Square Feet Living: 13792
Year Built: 1963
Levels: Three Or More Levels
Living Area Source: Assessor
Property Age: 61
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Assessor

Other Equipment: Range/Oven

Pio Pico Middle School is a public middle school located approximately 0.3 miles away.
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Carson-Gore Academy Of Enviornmental Studies is a public elementary school located approximately 0.5 miles away.
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Los Angeles Senior High School is a public high school located approximately 1.4 miles away.
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Sound Of Music Preschool is a private elementary school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.