Gramercy Place Apartments | 950 S Gramercy Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Gramercy Place Apartments 950 S Gramercy Pl
31 Unit Block of Flats £3,977,885 (£128,319/Unit) 6.19% Net Initial Yield Los Angeles, CA 90019
Investment Highlights
- Walker's Paradise 92 WalkScore
- Well-Maintained
- 10 GRM at List Price
- Estimated 30%+ Upside
- Low PPU and PPFT
Executive Summary
The Weir Group is pleased to present our newest exclusive listing in Koreatown-Los Angeles. The property is comprised of 31 total units built in 1963, 19 of which are spacious studios and 12 of which are 1 bedroom – 1 bathroom floorplans. The property is being offered for sale at an attractive/low price-per-unit and price-per-foot and is estimated to have over 30% rental upside. Seismic Retrofit for the tuck-under parking has been completed and there are a total of 32 parking spots, which include both subterranean parking and tuck-under. The property will be delivered to a new owner with 6 vacant units which provides immediate repositioning potential. Each unit is equipped with AC, assigned parking, and other amenities. A new owner can benefit from reducing payroll cost, increasing rents, filling up the vacancy, and operating more efficiently.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,977,885 | Apartment Style | Low Rise |
| Price Per Unit | £128,319 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Net Initial Yield | 6.19% | Building Size | 20,042 SF |
| Gross Rent Multiplier | 10.01 | Average Occupancy | 97% |
| No. Units | 31 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Price | £3,977,885 |
| Price Per Unit | £128,319 |
| Sale Type | Investment |
| Net Initial Yield | 6.19% |
| Gross Rent Multiplier | 10.01 |
| No. Units | 31 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 20,042 SF |
| Average Occupancy | 97% |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 12 | £1,422 | 586 |
| Studios | 19 | £1,236 | 586 |
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 5081-032-019 | Total Assessment | £1,687,312 |
| Land Assessment | £595,793 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,091,519 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5081-032-019
Land Assessment
£595,793
Improvements Assessment
£1,091,519
Total Assessment
£1,687,312
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R4-2, Los Angeles |
| R4-2, Los Angeles |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Gramercy Place Apartments | 950 S Gramercy Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.