$859,999

Estimated payment $5,231/month

Total Views 6,655
8 Beds
4 Baths
2,560 Sq Ft
$336 Price per Sq Ft

Highlights

  • Golf Course Community
  • Fireplace in Primary Bedroom
  • No HOA
  • Open Floorplan
  • Corner Lot
  • Tile Countertops

About This Home

Now available: Four separate 2 bed, 1 bath units, each with designated rear parking — perfect for investors or owner- looking for good rentals in one of LA’s most in-demand neighborhoods. Located in the heart of Gramercy Park, this well-maintained multifamily property offers good potential with all units currently occupied by timely, cooperative tenants.The seller has recently completed select repairs and tasteful renovations to enhance livability and value. Each unit offers functional layouts, natural light, and private entrances — ideal for long-term tenants or short-term rental potential.Enjoy unbeatable access to Downtown LA, LAX, major freeways, and premier entertainment venues including SoFi Stadium and the brand-new Intuit Dome. Local dining, shopping, and conveniences are just minutes away, making this an attractive location for renters and future buyers alike. Don’t miss this opportunity in one of LA’s hidden gems.

Listing Agent

Rito Calderón

Century 21 Allstars License #02226310 Listed on: 04/29/2025

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,787

Year Built

  • Built in 1943

Lot Details

  • 5,590 Sq Ft Lot
  • Property fronts a highway
  • Property fronts an alley
  • No Common Walls
  • Chain Link Fence
  • Corner Lot

Home Design

  • Quadruplex
  • Bungalow
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Partial Copper Plumbing
  • Copper Plumbing

Interior Spaces

  • 2,560 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Drapes & Rods
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Tile Countertops
  • Laminate Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms
  • Fireplace in Bathroom

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • TV Antenna

Listing and Financial Details

  • Tax Lot 97
  • Tax Tract Number 2380
  • Assessor Parcel Number 6057006010
  • $7,647 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Trash Expense $300
  • Water Sewer Expense $500
  • Operating Expense $3,600
  • Gross Income $67,020
  • Net Operating Income $63,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,787

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Assessments: Yes
  • Ad Number: Freddy
  • Other Phone Description: 5622447484
  • Other Phone Number: 5628632121
  • Price Per Unit: 215000
  • Property Attached: No
  • Road Frontage Type: Access Road, Alley, City Street, Highway
  • Road Surface Type: Alley Paved, Gravel, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 500.00
  • Zoning: LARD1.5
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6057006010
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Copper Plumbing Partial, Laminate Counters, Open Floorplan, Tile Counters
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: No
  • Entry Level: 1
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Primary Bedroom, Gas
  • Levels: One
  • Price Per Square Foot: 335.94
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Primary Bathroom
  • Window Features: Drapes

Exterior Features

  • Foundation: Raised
  • Exterior Features: TV Antenna
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Golf, Park, Sidewalks, Storm Drains, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5590.00
  • Lot Size Acres: 0.1283

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 67020.00
  • Gross Scheduled Income: 67020.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 5590.0000 Square Feet
  • Net Operating Income: 63420.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3600.00
  • Rent Control: Yes
  • Total Actual Rent: 5585.00
  • Total Expenses: 3600.00

Tax Info

  • Tax Lot: 97
  • Tax Tract Number: 2380
  • TaxOtherAnnualAssessmentAmount: 7647.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,787 $610,835 $492,458 $118,377
2024 $7,787 $598,858 $482,802 $116,056
2023 $7,648 $587,117 $473,336 $113,781
2022 $7,313 $575,605 $464,055 $111,550
2021 $7,213 $564,319 $454,956 $109,363
2020 $7,281 $558,533 $450,291 $108,242
2019 $7,009 $547,582 $441,462 $106,120
2018 $6,899 $536,846 $432,806 $104,040
2016 $4,035 $301,666 $239,253 $62,413
2015 $3,982 $297,136 $235,660 $61,476
2014 $4,022 $291,316 $231,044 $60,272
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 For Sale $859,999 +66.7% $336 / Sq Ft
04/18/2016 04/18/16 Sold $516,000 +16.0% $202 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
07/09/2015 07/09/15 For Sale $445,000 -- $174 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $516,000 Usa National Title Inc
Grant Deed $290,000 Usa National Title Co
Grant Deed $560,000 Provident Title
Grant Deed -- Provident Title
Grant Deed -- --
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- Provident Title Company
Grant Deed -- --
Individual Deed -- Provident Title Company
Trustee Deed $127,023 North American Title
Grant Deed -- --
Grant Deed $253,000 Equity Title Company
Corporate Deed $120,000 Equity Title
Grant Deed $234,000 Equity Title
Trustee Deed $130,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $387,000 New Conventional
Previous Owner $284,747 FHA
Previous Owner $504,000 Negative Amortization
Previous Owner $252,000 Purchase Money Mortgage
Previous Owner $252,000 Purchase Money Mortgage
Previous Owner $27,000 Unknown
Previous Owner $243,000 Seller Take Back
Previous Owner $48,000 Stand Alone Second
Previous Owner $187,200 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25093219

California Regional Multiple Listing Service (CRMLS)

APN: 6057-006-010