1836 N Gramercy Place

    Hollywood, CA 90028
    • $12,995,000
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: SR18149736
    UPDATED: 24 min ago
    $12,995,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,665
      SQFT
    • $661
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Gramercy Hollywood is an ultra-slick, modern, recently renovated apartment community with top of the line amenities in a coveted location within Hollywood, California. Set on a 20,038 square foot lot, this attractive 19,665 gross rentable square foot property is crafted with structural simplicity, sleek finishes and clean lines. Originally built in 1964, the property offers open floor plans, exquisite attention to detail and an unbeatable location with superb freeway and bus access. 21 of the total 28 units have been fully renovated and are successfully achieving top rents for the market. The remaining 7 unrenovated units present a 20%+ upside in rents. The unit mix includes 5 two-bedroom units, 17 one-bedroom units and 6 studios, for a total current scheduled monthly income of $60,411. With world-class shopping and dining, red carpet movie premieres, celebrated live theatre and over 70 brand-name retailers in the immediate area, the property+GGs location offers endless possibilities. It lies in close proximity to many local hotspots and iconic landmarks, including the Hollywood Walk of Fame, El Capitan Theatre, Dolby Theatre (home of the Academy Awards+-) and TCL Chinese Theatre (formerly Grauman+GGs). The property also sits less than two miles from the major Hollywood & Highland entertainment center of Los Angeles.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T19:36:15.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84930863

    1836 N Gramercy Place Hollywood, CA 90028

    • Price: $12,995,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: SR18149736
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    19,665
    SQFT
    $661
    $/SQFT
    1964
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Gramercy Hollywood is an ultra-slick, modern, recently renovated apartment community with top of the line amenities in a coveted location within Hollywood, California. Set on a 20,038 square foot lot, this attractive 19,665 gross rentable square foot property is crafted with structural simplicity, sleek finishes and clean lines. Originally built in 1964, the property offers open floor plans, exquisite attention to detail and an unbeatable location with superb freeway and bus access. 21 of the total 28 units have been fully renovated and are successfully achieving top rents for the market. The remaining 7 unrenovated units present a 20%+ upside in rents. The unit mix includes 5 two-bedroom units, 17 one-bedroom units and 6 studios, for a total current scheduled monthly income of $60,411. With world-class shopping and dining, red carpet movie premieres, celebrated live theatre and over 70 brand-name retailers in the immediate area, the property+GGs location offers endless possibilities. It lies in close proximity to many local hotspots and iconic landmarks, including the Hollywood Walk of Fame, El Capitan Theatre, Dolby Theatre (home of the Academy Awards+-) and TCL Chinese Theatre (formerly Grauman+GGs). The property also sits less than two miles from the major Hollywood & Highland entertainment center of Los Angeles.
    Exterior Features

    Entry Level 1 Entry Location Front And Rear Garage Spaces 0.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features Community Pool Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area 474 Average Studio Area Units Square Feet Average1 Bed Area 692 Average1 Bed Area Units Square Feet Average2 Bed Area 890 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Heating Central FurnaceWall Heater Heating YN Yes Laundry Features CommunityDryer IncludedWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingUrban Country Us Electric Expense 6000.00 Elevation Units Feet Fuel Expense 4000.00 Gardener Expense 1800.00 Gross Income 439626.00 Gross Scheduled Income 739626.00 Insurance Expense 8400.00 Land Lease YN No Laundry YN Yes Licenses Expense 1899.00 Maintenance Expense 14000.00 Net Operating Income 460242.00 New Construction YN No New Taxes Expense 155940.00 Number Of Separate Electric Meters 29 Number Of Separate Gas Meters 29 Number Of Separate Water Meters 1 Operating Expense 257196.00 Other Expense 2800.00 Other Expense Description Misc. Pest Control Expense 600.00 Pool Expense 1800.00 Professional Management Expense 36785.00 Property Sub Type Apartment Rent Control YN Yes Security Expense 600.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 257196.00 Trash Expense 7372.00 Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater Connected Vacancy Allowance 22189 Water Sewer Expense 15200.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Warren Berzack of Lee & Associates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T19:36:15.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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