Income Investment property for sale in Prime Korea Town area. Thiis building has 12 well maintained multifamily units and are located close to restaurants, shopping centers, markets, and schools Koreatown submarket area. Originally built in 1964, the three-story apartments building with the parking lot on the first level consists of twelve (12) large 0ne-bedroom and one-bathroom units and one parking assigned for each unit. Most units are upgraded with new laminate wood floors. kitchen area. There are 14 parking spaces and a bonus room on the ground floor which can be used for storage, office, etc. For additional reference this investment is situated just South of 8th Street and West of Western Avenue near to Olympic Blvd. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Hollywood, Downtown, Chinatown. In addition of this, the property is conveniently located near the 110, 101, and 10 Freeways. Property to be sold in "As-Is" condition, no termite or work repairs to be done by Sellers. Buyer responsible in verifying all property details. Sellers are very motivated to make a deal, please do not disturbed tenants and subject to interior inspection upon an acceptance offer.
Property Details
Price:
$3,200,000
MLS #:
MB24109041
Status:
Active
Baths:
0
Address:
941 S Gramercy Place
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
May 29, 2024
State:
CA
ZIP:
90019
Lot Size:
6,870 sqft / 0.16 acres (approx)
Year Built:
1964
Schools
Interior
Fireplace Features
None
Exterior
Community Features
Sidewalks, Street Lights, Urban
Garage Spaces
14.00
Lot Features
Level with Street
Parking Features
Assigned, Controlled Entrance, Covered, Driveway Level, Garage Door Opener
Parking Spots
14.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
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Courtesy of GEORGE MICHAEL REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
941 S Gramercy Place
Los Angeles, CA
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