1848 N Gramercy Place, Los Angeles, CA 90028
- $10,545,000
- List Price
- $10,545,000
- Status
- ACTIVE
- MLS#
- 25611107
- Year Built
- 1929
- Lot Size
- 13,843
- Acres
- 0.32
- Lot Location
- Back Yard, Front Yard, Garden
- Days on Market
- 321
- Property Type
- Commercial
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.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 48
Listing courtesy of Listing Agent: Brett Daniels (bhdrealestate@gmail.com) from Listing Office: Atlas Real Estate Corporation.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.