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1839 S Gramercy Pl

Mid-City Fourplex

MASSIVE fourplex in central Mid-City made up four highly upgraded 4 bedroom units. You'll find top-of-the-line open floorplans in this fourplex with premium finishes and expansive balconies. 5.46% cap rate! Situated on an 8,900 SF lot, this sprawling property has unrivaled curb appeal!

List Price:
Cap Rate:
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Highlights:

$3,250,000
5.46% (pro forma)
14.11 (pro forma)
7,316 sqft
4x 4b/4.5b
Massive decks for all units

Huge yard/patios
8,900 SF lot
Unbeatable curb appeal
Separately metered utilities
Solar panels
Massive units
All en-suite bathrooms
Sky high cap rate
Designer finishes
Central location
10 minutes from USC
Super low maintenance
High demand rental market

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The Neighborhood

< 15-Minute Walk

Main Chick Hot Chicken, Alibi Coffee Co, Western Plaza Shopping Center, Underwood University, The Underground Museum, Waba Grill, William Andrews Clark Memorial Library

< 15-Minute Drive

USC, Pasta Sisters, The History Coffee, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, Target, Midtown Shopping Center

< $15 Uber Ride

Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village

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Submit your offers now!

  • UNHEARD OF projected cap rate of 5.46%!

  • Dream 1031 exchange opportunity. Ready to close ASAP!

  • MASSIVE units (7,828 livable square feet).

  • All units boast expansive decks, a rare feature that draws a major rental premium.

  • In a market with new construction comps at $600+ per SF, this is your opportunity to get the nicest fourplex in Mid-City for only $415.18 per SF!

  • Ideal parking set up! 8 parking spaces, 5 of which are located in attached garages!

  • Situated on a gorgeous tree lined, wide residential street, walkers’ paradise!

  • Large windows everywhere you look, making each room extremely light and bright.

  • With SB-8 in effect, we expect less new constructions will be built, making properties like these an even more rare and hot commodity.

  • All units separately metered for gas, electric AND water! Very low expenses.

  • Highly livable floorplans with massive living rooms and kitchens.

  • Great way to obtain easy, passive income!