5700 S Gramercy Place

Property Overview

Property is tenant occupied. With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages on a corner lot, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Located in an Opportunity Zone and a community on the rise, these units are perfect for those seeking an accessible entry into homeownership or for investors looking to tap into this potential. There are no common walls and each unit is individually metered for gas, electricity, AND water. Each unit offers outdoor patios, private yard space, and In-Unit Washer/Dryer hookups. Three Single Car Garages with automatic doors. The Front unit is an Upgraded 2 Bd / 1 Ba house, which is currently occupied by one Section 8 tenant paying $2,313. The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent, the other tenant pays $568 and is not Section 8). Priced right, this is an excellent investment opportunity. Buyer to do own investigations. ADU Potential!

Home Details

Property type: Residential Income
Year built: 1926
Living area: 2,538 sq ft
Lot size: 6,386 sq ft
Parking: 3 spaces
Garage: 3 spaces
Days on market: 150
MLS status: Active
Architectural style: Bungalow
Zoning: LAR2

Features & Amenities

Interior

Ceiling Fans

Parking

Door Multi
Garage

Exterior

Dock

Community, Schools & Utilities

Community

View: None

Utilities

Heating: WallFurnace
Cooling: WallWindowUnits

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Location & Neighborhood

Los Angeles, CA 90062

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Frequently Asked Questions About 5700 S Gramercy Place

Property type: Residential Income

The current asking price is $759,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5700 S Gramercy Place. Our team will confirm availability and timing.

This 4 bedrooms and 3 bathrooms property offers approximately 2,538 square feet of living space. It was built in 1926. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 150 days. Status can change, so verify availability before relying on it.