Property Attributes
- MLS#SR18149736
- TypeIncome
- CountyLOS ANGELES
- CityHollywood
- AreaHollywood
- Zip90028
- Style
- Price$ 11,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage19665
- Lot Size0.46 Acres
Listing Provided Courtesy Of:
Warren Berzack with Lee & Associates.
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Unknown Elementary School | Unknown Middle School | Unknown High School |
| Price History | |
|---|---|
| 6/22/2018 | Listed $12,995,000 |
| 12/4/2018 | 9% - $11,950,000 |
General Features
| Assessments | None |
| Attached Structure | Attached |
| Community Features | Sidewalks, Street Lighting, Urban |
| Directions | South of Franklin, Just east of the 101. |
| HOA Fee | 0.00 |
| Levels | Two |
| Listing Agent | Warren Berzack - BRE#01329015 |
| Listing Agent State License | 01329015 |
| MLS Area | C20 - Hollywood |
| Price Per Square Foot | 607.68 |
| Property Attached Y/N | Yes |
| Special Listing Conditions | Standard |
| Total Units | 28 |
| Zoning | LAR3 |
Interior Features
| 1st Bedroom Area | 692 |
| 1st Bedroom Area Unit Type | Square Feet |
| 2nd Bedroom Area | 890 |
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Air Conditioning Y/N | Yes |
| Common Walls | 2+ Common Walls |
| Cooling | Central |
| Heating | Central Furnace, Wall Heater |
| Heating Y/N | Yes |
| Laundry Features | Community, Dryer Included, Washer Included |
| Laundry Y/N | Yes |
| Studio Area | 474 |
| Studio Area Unit Type | Square Feet |
| Total Stories | 2 |
| Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Water Connected |
Exterior Features
| Building Area Total | 19665.00 |
| Garage Spaces | 0.00 |
| Lot Features | 11-15 Units/Acre |
| Lot Size Acres | 0.4600 |
| Lot Size Area | 20038.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 20038.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 29 |
| Number of Separate Gas Meters | 29 |
| Number of Separate Water Meters | 1 |
| Parking Features | Assigned |
| Parking Y/N | Yes |
| Pool Features | Community Pool |
| Sewer | Public Sewer |
| Total Parking | 0.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Based on information from California Regional Multiple Listing Service, Inc. as of February 16, 2019 10:20 PM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
