Description

5421 S. Gramercy Pl is a four unit building in the South LA neighborhood of Chesterfield Square near Leimert Park. It sits on a quaint, palm tree lined street across from Chesterfield Square Park. All units are 1 Bedroom + 1 Bath and average 659 SF each, and feature rear washrooms with washer/dryer hookups and back doors. In the rear are 4 single car garages with alley access. The property will be delivered with two vacant units, making this a fantastic value-add opportunity. Currently the front upstairs unit is vacant and easy to show! An Incredible value for under $850K!

 

Location

Chesterfield Square is a neighborhood in South LA that encompasses a 0.63 square mile. It neighbors Leimert Park, Hyde Park, Vermont Square, and Harvard Park. The subject property is directly across from Chesterfield Square Park and less than half a mile to Slauson Ave. Home values have risen 15.4% in the last year and the average home value in South Los Angeles is $721,649

Property Highlights​​

• Chesterfield Square Neighborhood, appx 1 mile to the Hyde Park station on the new Crenshaw Line!

• Excellent Owner-User Opportunity

• Four Units - All 1Br + 1Ba Units:

• Appx 659 SF Each

• Two Long Term Tenants

• Two Units Will Be Delivered Vacant

• Subject to City of LA Rent Control

• Parking in Rear

• Four - Single Car Garages

• Access via Alley

• 5,850 SF Lot

• Low Price Per SF - Only $322/SF!

• Value-Add Opportunity

• Easy Access to 110 FWY, Inglewood, Slauson, and Western.

• "Very Walkable" *71* Walk Score

• Near Hyde Park, Crenshaw, Leimert Park, and Vermont Square!