713 N Gramercy Ave, Larchmont Village
FULLY LEASED Opp. Zone Fourplex
100% LEASED in record speed to A+ tenants (during the holidays!)! This Larchmont Village Adj. 2024 luxury OPPORTUNITY ZONE fourplex is made up of ALL 4 bedroom townhome-style units with top-tier finishes, spacious walk-in closets and in-unit washers and dryers. The property’s prime location is just minutes walking to countless trendy shops, eateries, and convinces located on Larchmont Blvd. With an unheard of REAL 5.50% cap rate, this is an excellent investment opportunity.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,695,000
Fourplex
In Escrow
4
2024
5.50%
13.88
$266,220/Year
7,554 sqft
6,756 sqft
$489.14
$923,750
4x 4b/4b
Yes
6 Garage Spaces, 4 Exterior Spots
No
Other Features:
Opportunity Zone, ALL 4 Bedroom Units
The Highlights
The property was fully leased with A+ tenants in record speed (even in the midst of the holiday season). The ultra-high tenant demand was due to this being such a unique and appealing building.
Outstanding REAL cap rate of 5.50%! Cash cow.
OPPORTUNITY ZONE! Major tax benefit (consult CPA).
MASSIVE units (7,554 livable square feet) with premium floorplans.
Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!
Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!
Ideal unit mix of ALL 4 bedrooms units!
All units separately metered for gas, electric AND water! Very low expenses!
Dream 1031 exchange opportunity. Ready to close soon!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity."
The Neighborhood
<15-Minute Walk
Paramount Studios, Cafe Gratitude,Osteria Mamma, Mario's Peruvian & Seafood, TONCHIN LA, Alfalfa, Le Coupe, La Fonda Antioquena, PauHaus Art Gallery + Events, Daves Hot Chicken, WaBa Grill, ORGANICO, Hollywood Forever Cemetery
<15-Minute Drive
Great White, Salt & Straw, MALIN+GOETZ, Go Get Em Tiger, Rite Aid, Starbucks, Clark Street, Kreation, Trader Joe’s, Ralphs, Chipotle, Levain Bakery, Noah's NY Bagels, Groundwork Coffee Co., Le Pain Quotidien, Sweetfin Poke, Village Pizzeria, Jeni's Ice Creams
<$15 Uber Ride
Universal CityWalk Hollywood, Hollywood Bowl, The Ford,The Grove Hollywood Walk of Fame, Erewhon, Koreatown, Los Angeles County Museum of Art, Cinespia, Paramount Theatre, Silver Lake, Whole Foods Market
Contact
Lauren Cearley
213.302.8662
Property Presented By:
