933 South Gramercy Place, Los Angeles, CA 90019

$1,599,000 Approx. USD 4 beds, 3 baths
2,056 sqft

Agent Remarks

NEED A PLACE TO PARK YOUR CLIENT'S 1031 EXCHANGE? HERE IT IS!!! MAJOR PRICE REDUCTION OF OVER $700,000!!! LET'S MAKE A DEAL!!! A real find in Country Club Heights, one of the 1st properties built in the area at the turn of the century in 1909! This craftsman style bungalow, once a triplex, is currently occupied by the owners as their personal residence. There is also one attached rental unit, also occupied by family members. This property can be either be restored to it's original beauty and glory and added to to create a unique one of a kind rental complex or it can be demolished to create 8 to 9 NEW condo or apartment units. You can choose! The property will be delivered vacant at close of escrow. Buyer to complete all investigations of the property including LADBS, City of Los Angeles Planning Department, permits, etc. to determine what can actually be built on this R3 lot. LOT DIMENSIONS ARE 60' X 125'. Centrally located close to DTLA, K Town, Mid Wilshire, Hollywood.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 15-956939
List price is $1,599,000
Beds: 4
Baths: 3
Built in 1910
2,056 sqft
1 Story stories
County: Los Angeles
Zoning: LAR3
Appliances: None
Parking description: Uncovered
Heating description: Other
MLS area: Hancock Park-Wilshire (C18)

Last Updated: 11/1/2016

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This listing belongs to the Hancock Park-Wilshire (C18) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.054810, -118.313500.
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Listing Agent: Kathleen Becker
Broker: Berkshire Hathaway HomeServices CA Properties

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