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listing
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Residential IncomeFor Sale
$2,400,000
826 S Gramercy Place
Los Angeles, CA 90005
Listed by THOMAS LO DRE#01842952 loiping@gmail.com Thomas Iping Lo, Broker
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$12,488/mo

This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.

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Information courtesy of Thomas Iping Lo, Broker is subject to verification and is not guaranteed.
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