Property listed by I & J Properties, Inc., Jamie Lee 310-570-2588
$1,650,000
Welcome to 705-707 S Gramercy Place, a premier duplex zoned LAR3 perfectly situated at the highly desirable crossroads of Koreatown, Mid-Wilshire, and Hancock Park. This rare property offers the space and feel of two single-family homes, making it an ideal choice for an owner-user looking to live in one unit… Read More while generating premium income from the other, or an investor seeking a high-quality asset in a robust market. All units are individually metered for water, gas, and electricity, providing ease of utility management. Property Highlights: *Massive Unit Sizes: Boasting approximately 3,640 total square feet, the property is split into an upstairs and a downstairs unit that span an incredibly generous ~1,820 square feet each. Both units offer expansive, open-concept living areas and large bedrooms, providing a scale of living rarely found in the city's multi-family properties. *Premium Secured Parking: A true rarity for the neighborhood, parking will never be an issue. The property features a secure, automatic remote-controlled driveway gate that opens to a sprawling rear lot. It includes a covered two-car garage along with ample open parking spaces, easily accommodating multiple vehicles for both units with ultimate privacy and peace of mind. *Unbeatable Location: Located in the vibrant heart of LA, residents are just moments away from world-class dining, trendy cafes, shopping, and entertainment. With incredible walkability and immediate access to major transit lines, the best of city living is right outside the front door. With sprawling floor plans, highly coveted gated parking, and a turnkey location, this duplex is a standout must-see. Don't miss your chance to own a significant piece of prime Los Angeles real estate! Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
6
Square Ft.
3,640
Lot Size
0.12 Acres
Year Built
1922
MLS Number
26672721
Additional Details
Appliances & Equipment
GasCooktop, Disposal, GasOven
Building
Built in 1922, Living area: 3640.0, 1 building, 2 stories, Levels: Two, Entry location: Ground Level w/steps
Community
Gated
Cooling
CentralAir
Fireplaces
None
Floors
Laminate
Garage
2 spaces
Heating
Central, ForcedAir
Income
Gross Income: $87,600, Net Operating Income: $87,600
Interior Features
CeilingFans
Laundry
InKitchen
Lot
0.1185 acres
Parking
4 open parking spaces, 6 total parking spaces, SharedDriveway
Pool
None
Security Features
SecurityGate, GatedCommunity
Sewer
SewerTapPaid
Taxes
Parcel Number: 5092027024, Zoning: LAR3
Tenant Pays
Electricity, Gas, TrashCollection, Water
Windows
Blinds
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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