1836 N Gramercy Pl Los Angeles, CA 90028
28-unit multifamily property with significant renovations and income upside.
Property size:
19,620 SFLot size:
0.46 AcresProperty Features for 1836 N Gramercy Pl
General Information
- Standard status
- Active
- Size
- 19,620 SF
- Lot size
- 0.46 Acres
Source:
Crexi
Listing Agency: Marcus & Millichap Listing Agent: Kevin Green
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Multifamily Community in Hollywood
This offering presents the opportunity to acquire a 28-unit multifamily community located in the Hollywood submarket of Los Angeles. Originally constructed in 1964, the property has undergone substantial renovations, with a prior owner investing an estimated $500,000+ in upgrades and the current ownership group adding $467,000 in additional capital improvements. Many of the property’s mechanical systems and building improvements have been addressed. Twenty-three of the 28 unit interiors, representing 82% of the units, have been extensively renovated. These renovations include new cabinetry, new appliances, upgraded flooring, quartz countertops, tile backsplash, new dual-pane windows, modern LED lighting fixtures, upgraded plumbing fixtures, and in-unit washers and dryers. The remaining 5 units, constituting 18% of the property, present an opportunity for investors to implement a proven interior renovation strategy and potentially capture an 11%+ upside in rental income. The property contains 19,620 square feet.
Location Intelligence
Current Use by Public Records
Ad Ops Guys
Marketing & Advertising
Gracie on Gramercy
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.31211
- Latitude
- 34.10435
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 28-unit multifamily property with significant renovations and income upside.
Where is this apartment building located?
The property is located at 1836 N Gramercy Pl Los Angeles, CA.
What are key features of this property?
This property features: - Extensively Renovated Units: 82% of units feature new cabinetry, appliances, flooring, quartz countertops, and in-unit washer/dryers.; - High Rental Income Upside: Renovate the remaining units to capture 11%+ upside in rental income.; - Substantial Capital Improvements: Over $967K in renovations and upgrades completed.
