Remodeled Seven-Unit Apartment
For Sale
Contact for pricing
Pending
1630 S Gramercy Pl, Los Angeles, CA 90019
Remodeled three-bedroom apartments with reserved parking, in-unit laundry, and separately metered utilities.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market145
Property Features for 1630 S Gramercy Pl
General Information
Standard status
Pending
Total Parking Spaces
14
Lot size
0.25 Acres
Property subtype
Multifamily
Zoning
LAR3
Financials
Cap Rate
6%
Gross Rent Multiplier
10.9
Units
Unit Mix
7 x 3BR/2BA
Multifamily Units
7
Amenities
in-unit washer & dryers
in-unit water heaters
Building Details
Buildings
1
Listing Agency:
Avenue Realty Group-ARG Commercial
Listed By:
Jon Rawson · License #CA 02010400
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avenue Realty Group-ARG Commercial
Investment Insights
Based on property information with market context.
This 1980s-construction apartment property contains seven all-three-bedroom, two-bath units on a 10,710 SF LAR3-zoned lot. Every residence has been remodeled and includes an in-unit washer and dryer, along with an individual water heater. The property provides 14 on-site and reserved tenant parking spaces, including seven tandem spaces, and is not subject to LA City Rent Control.
Utility operations include separate gas and electric metering, while tenants reimburse water, sewer, and trash expenses through RUBS. Current rents and operating expenses support a 10.90 GRM and a 6.00% cap rate. Financing includes an assumable loan with a fixed 3.150% interest rate through 2027. The building is located at 1630 S Gramercy Pl in Los Angeles and may be acquired separately or with 411 Witmer Street and 4046 Nicolet Ave as part of a three-building portfolio.
Utility operations include separate gas and electric metering, while tenants reimburse water, sewer, and trash expenses through RUBS. Current rents and operating expenses support a 10.90 GRM and a 6.00% cap rate. Financing includes an assumable loan with a fixed 3.150% interest rate through 2027. The building is located at 1630 S Gramercy Pl in Los Angeles and may be acquired separately or with 411 Witmer Street and 4046 Nicolet Ave as part of a three-building portfolio.
Key Highlights
- Seven remodeled apartment units, each configured with 3 Bed/2 Bath
- 14 on‑site and reserved parking spaces, including 7 tandem spaces
- 10,710 SF LAR3‑zoned lot in Arlington Heights
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled three-bedroom apartments with reserved parking, in-unit laundry, and separately metered utilities.
Where is this apartment building located?
The property is located at 1630 S Gramercy Pl Los Angeles, CA.
What are key features of this property?
This property features: Seven remodeled apartment units, each configured with 3 Bed/2 Bath; 14 on‑site and reserved parking spaces, including 7 tandem spaces; 10,710 SF LAR3‑zoned lot in Arlington Heights
