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Stacy Charlton

Stacy Charlton
CalBRE License #: 01278325
RE/MAX Empower
Burbank, CA 91502

818-434-6683
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Listing 14 out of 14
$11,950,000 For Sale

1836 N Gramercy Place
Hollywood, CA 90028

28 units | Multi Family Home
20038 sq ft - MLS# SR18149736
Property Photo
1/31

Description

PRICE REDUCED!!! 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. 22 of the total 28 units have been fully renovated and are successfully achieving top rents for the market. The remaining 6 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 $61,777. 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’s 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’s). The property also sits less than two miles from the major Hollywood & Highland entertainment center of Los Angeles.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90028
  • Year Built: 1964
  • Stories: Two
  • Units: 28 units
  • Lot Size: 20038 sq ft
  • Pool or Spa: Community Pool
  • Zoning: LAR3
  • Area: C20 - Hollywood
  • Average 1 Bed Area: 692
  • Average 2 Bed Area: 890
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 474
  • Average Studio Area Units: Square Feet
  • Building Area Total: 19665.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks, Street Lighting, Urban
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: South of Franklin, Just east of the 101.
  • Electric Expense: 6000.00
  • Entry Level: 1
  • Entry Location: Front and Rear
  • Fuel Expense: 4000.00
  • Gardener Expense: 1800.00
  • Gross Income: 756928.00
  • Gross Scheduled Income: 756928.00
  • Heating: Central Furnace, Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 8400.00
  • Laundry Features: Community, Dryer Included, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01329015
  • Listing Office License: 01191898
  • Lot Features: 11-15 Units/Acre
  • Lot Size Area: 20038.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Maintenance Expense: 14000.00
  • Net Operating Income: 488872.00
  • New Taxes Expense: 143400.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 29
  • Number Of Separate Gas Meters: 29
  • Number Of Separate Water Meters: 1
  • Operating Expense: 245348.00
  • Other Expense: 2800.00
  • Other Expense Description: Misc.
  • Parking Features: Assigned
  • Parking YN: Yes
  • Pest Control Expense: 600.00
  • Pool Expense: 1800.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 245348.00
  • Trash Expense: 7372.00
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 15200.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Lee & Associates, Warren Berzack



Stacy Charlton | 818-434-6683 | Email Me
707 S Victory Blvd - Burbank, CA 91502
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