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5700 S Gramercy Pl, Los Angeles, CA, 90062

4beds
3baths
2,538sqft
$799,000
$315price/sqft
$5,582/moest. monthly cost
$223,280/yrincome needed

About This Home

Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages on a corner lot, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Located in an Opportunity Zone and a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer/Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, which is currently occupied by one Section 8 tenant. The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right, this is an excellent investment opportunity. Buyer to do own investigations. ADU Potential!

Getting Around

77
WalkingVery Walkable
53
TransitGood Transit
66
BikeBikeable

Construction

Condition

  • Year built: 1926

Type & Style

  • Home type: MultiFamily
  • Architectural style: Bungalow
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Cooking Appliances
  • Laundry features: In Unit,Stackable W/D Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Features

  • Ceiling Fan(s)
  • Door features: Double Door Entry
  • Flooring: Tile,Laminate,Carpet

Heating & Cooling

  • Heating features: Wall
  • Cooling features: Ceiling Fan(s),Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,538
  • Total interior livable area: 2,538 sqft

Property

Details

  • Parcel number: 5005018015
  • Zoning: LAR2
  • Special condition: Standard

Features

  • Levels: One
  • Exterior features: Dock
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 6,385 sqft

Parking

  • Total spaces: 3
  • Parking features: Garage Is Detached,Garage - 3 Car
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3