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1650 S Gramercy Place, Los Angeles, CA 90019
3
beds
3
baths
12446
ft2
· 15232
ft2 lot
$3,750,000
$301 / ft2
Listing provided courtesy of Wendy Morley, Pinnacle Estate Properties, Inc..
Source CRMLS.
Rare offering, 20 units. 1650 S Gramercy Place is located in the Harvard Heights District, and borders the Arlington Heights District, just south of Koreatown. Located on the south east corner of Gramercy Pl & W 18th St. Close to the 10 freeway, and a short commute to Koreatown, Miracle Mile and more.
HOA
$0/month
On market
2 months
Year built
1960
Property type
Condo
Parking
20
MLS
SR21024046
Price / Sq.Ft.
$301 / ft2
Status
Pending
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Based on a price of $3,750,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 12446.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Controlled Entrance, Covered
•   
Garage Spaces: 0.00
•   
Carport Spaces: 20.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR3
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Corner Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3497
•   
Lot Size Area: 15232.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 20
Property Features
•   
Property Condition: Repairs Cosmetic
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Buyer to Verify, Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Income: 0.00
•   
Gross Operating Income: 266317.00
•   
Water Sewer Expense: 1400.00
•   
Laundry Income: 9600.00
•   
Vacancy Allowance Rate: 5.00
•   
Cap Rate: 4.00
•   
Laundry Equipment Own Lease: Lease
•   
Fuel Expense: 285.00
•   
Trash Expense: 4400.00
•   
New Taxes Expense: 10842.00
•   
Insurance Expense: 12000.00
•   
Professional Management Expense: 14000.00
•   
Total Expenses: 48936.00
•   
Gross Scheduled Income: 280334.00
•   
Operating Expense: 114465.00
•   
Gardener Expense: 4500.00
•   
Gross Multiplier: 13.30
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 262306.00
•   
Tax Year: 2020
•   
Taxes: 21676.0
Terms
•   
Exclusions: Tenants personal property
Lease Info
•   
Net Operating Income: 151852.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 1500.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 9695.00
•   
Unit 3 Total Units: 8
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 8.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1086.00
Unit 2 Information
•   
Unit 2 Actual Rent: 11420.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 10
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 10.00
•   
Unit 2 Total Rent: 11420.00
Multi Unit Information
•   
# Of Units: 3
•   
Number Of Units Leased: 19
Unit 1 Information
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1728.00
•   
Unit 1 Total Rent: 1728.00
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks, Urban
School Info
•   
Directions: North of the 10, Between Venice & Washington, west of Western.
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 18, 2021 4:26pm
Neighborhood snapshot
164
Properties for sale
16
Median days on market
$601.35
Median sold price/sqft
99.48%
Sold/List %
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Property History
03/08/2021
03/08/2021
CRMLS #SR21024046
pending
CRMLS #SR21024046
$3,750,000
03/01/2021
03/01/2021
CRMLS #SR21024046
active
CRMLS #SR21024046
$3,750,000
+284.62%
06/13/1990
06/13/1990
Public Record
sold
Public Record
$975,000
+85.71%
06/13/1990
06/13/1990
Public Record
sold
Public Record
$525,000
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