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SOLD 2/18/2021
914 S Gramercy Drive, Los Angeles, CA 90019
1
bed
1
bath
10304
ft2
· 14998
ft2 lot
$3,710,000
$388 / ft2
Listing provided courtesy of Listing Broker: Jennifer Kim, Top Elite Realty.
Source CRMLS.
Located in quiet and peaceful Gramercy Drive in the center of Korea Town, one of the hottest real estate markets in California. This 16 unit multifamily apartment consists of 2 buildings. (914 S. Gramercy Dr. & 918 S. Gramercy Dr.) Each building has 8 units and all 16 unis are 1 bedroom & 1 bathroom. All tenants are paying rent on time during the Pandemic. Walking distence from public transpotation, grocery market, famous Korean restaurant and many more. Sold AS-IS in it's present condition.
HOA
$—/month
On market
2 months
Year built
1953
Property type
Multi-Family
Parking
MLS
20638338
Price / Sq.Ft.
$388 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $4,000,000
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Negotiating Power:
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$20,000
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$20,000
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Discount Brokerage
$15,900
not offered
$15,900
Average
Traditional Brokerage
$0
not offered
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Disposal
•   
Has Appliances
Interior Size
•   
Building Area Total: 10304.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Auto Driveway Gate, Detached Carport, Controlled Entrance
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.3400
•   
Lot Size Area: 14998.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 16
Exterior Features
•   
Direction Faces: West
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 222516.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Actual Rent: 220116.00
•   
Total Expenses: 36418.00
•   
Gross Multiplier: 17.98
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 222516.00
•   
Tax Year: 2019
•   
Taxes: 5804.0
Lease Info
•   
Net Operating Income: 186098.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 16
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1146.00
•   
Unit 1 Total Rent: 1146.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: North of Olympic Blvd. & West of Western Ave.
Other
Calculation
•   
Dom: 74
•   
Cdom: 74
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 15, 2021 3:46pm
Neighborhood snapshot
163
Properties for sale
18
Median days on market
$591.23
Median sold price/sqft
99.64%
Sold/List %
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Property History
02/18/2021
02/18/2021
Public Record
sold
Public Record
$3,710,000
--7.25%
02/18/2021
02/18/2021
CRMLS #20638338
sold
CRMLS #20638338
$4,000,000
12/14/2020
12/14/2020
CRMLS #20638338
active
CRMLS #20638338
$4,000,000
--2.20%
10/01/2020
10/01/2020
CRMLS #20638338
active
CRMLS #20638338
$4,090,000
--2.60%
01/21/2019
01/21/2019
CRMLS #19425866
active
CRMLS #19425866
$4,199,000
+670.46%
See more property history
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