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$ 10,545,000
Est. payment /mo
Active
1848 N Gramercy Place Los Angeles, CA 90028
34,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 34,320 sqft
Price per Sqft $307
MLS Listing ID CL25611107
HOA Y/N No
Year Built 1929
Lot Size 0.318 Acres
Acres 0.32
Property Sub-Type Comm Ind For Sale
Property Description
1848 N Gramercy Pl is a 48-unit Beaux-Arts style apartment building located in the desirable Los Feliz neighborhood of Los Angeles. Built in 1929, the property offers a mix of studios and one-bedroom units with an average size of approximately 500 square feet. Amenities include on-site management, elevator, controlled access, security surveillance, a landscaped courtyard, and laundry facilities.The property presents a value-add opportunity, with potential to enhance unit interiors from legacy tenants and common areas to further increase rental income. Located in one of the few submarkets inLos Angeles where leasing activity remains strong and rents have stayed stable, 1848 N Gramercy Pl benefits from consistent tenant demand and long-term growth potential.Conveniently positioned near the Hollywood Freeway, the property offers easy access to numerousHollywood landmarks, exceptional restaurants, and vibrant nightlife.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
Utilities Available Other
Building
New Construction No
Others
Tax ID 5544003042
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Listed by Brett Daniels • Atlas Real Estate Corporation