Welcome to the heart of Koreatown. A distinctive, Los Angeles neighborhood nestled between the ever-growing Downtown market and the posh Beverly Hills suburb. 310 S Gramercy Pl is a mid-century style 9-unit apartment building which consists of seven (7) one-bedroom one-bathroom units and two (2) two-bedroom one-bathroom units. This three-story, gated apartment was built in 1956 and includes private parking for each tenant. The property features nine (9) covered parking spaces, an on-site laundry facility owned by the landlord, security cameras, and recently completed soft-story retrofit. This area is the premier location for long term rental growth assets. A long-term high-end market, the Koreatown area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Koreatown as average rents are pushing $3,000/month and as population growth is projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Koreatown and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets. A seasoned investor will capitalize on the renters neighborhood that is Koreatown for decades to come. With 310 S Gramercy Place you will achieve a healthy rental income from day one.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
