3 months on rocket

5700 S Gramercy Pl, Los Angeles, CA, 90062

$849,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Baths
2,538 SqFt
$335/SqFt
House
Schools Nearby

Location

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5700 S Gramercy Pl, Los Angeles$849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDoor-Multi, Garage
Garage3 spaces
Year Built1926
HeatingWall Furnace
CoolingWall/Window Unit(s)
ViewNone
MLS #23306463
Lot Size0.15 Acres
StatusActive

About 5700 S Gramercy Pl

Motivated Seller! With the combination of affordability and functionality, this Triplex consists of three stand-alone cottages, making it a unique real estate opportunity in the heart of a burgeoning neighborhood. Nestled in 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, currently vacant - Set your own rent with tenants paying all utilities! The remaining two units are both 1 Bd, 1 Ba - Tenant Occupied (One Section 8 unit paying $1,081 total for Guaranteed Rent!). Priced right. This is an excellent investment opportunity. 18 GRM and 4 Cap. Located within the California State Opportunity Zone for the ideal investment. Buyer to do own investigations.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1926
  • Stories: 0
  • Living Area: 2,538 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (424) 280-7400
  • Listing Agent: Taylor Light

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Tile
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Dock

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Door-Multi, Garage

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Crenshaw Sci, Tech, Engr, Math and Med Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • View Park Preparatory Accelerated Charter Middle School, Public Charter Grades 6-8
  • Studio, Public District Grades 6-8
  • Western Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: North of Slauson, East of Van Ness, West of Western Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,000
  • Price Per SqFt: $335/SqFt

Tax Information:

  • Annual Amount: $7,702
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

5700 S Gramercy Pl vs Los Angeles

102 DAYS ON ROCKET

+68 Days

$849,000

-$137.4K Less

$335/SqFt

-$297 Less

KEY TAKEAWAY

This property is $137.4K less than the Median Sold Price and $297/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23306463

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (424) 280-7400
  • Listing Agent: Taylor Light

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 17, 2019Home Sold
$605,000
Mar 25, 2015Home Sold
$425,000
Jul 10, 2012Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,702$617,380
2020$1,759$617,100
2019$5,715$457,888
2018$5,597$448,911
2017$5,597$440,110

History based on county public records data.

Payment Calculator

$4,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,612

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4478114
2
/10

  • Western Avenue Elementary School

  • 1724 W 53rd St

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-4478115
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 6.71 miles

  • Public Magnet Grades KG-6

school-card-donut-4478116
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 19.16 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-4478117
3
/10

  • View Park Preparatory Accelerated Charter Middle School

  • 5010 11th Ave

  • 0.98 miles

  • Public Charter Grades 6-8

school-card-donut-4478118
4
/10

  • Studio

  • 2211 W Avenue 30

  • 9.01 miles

  • Public District Grades 6-8

High School

school-card-donut-4478119
2
/10

  • Crenshaw Sci, Tech, Engr, Math and Med Magnet

  • 5010 11th Ave

  • 0.98 miles

  • Public Magnet Grades 9-12

school-card-donut-4478120
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 6.65 miles

  • Public Magnet Grades 9-12

school-card-donut-4478121
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 17.55 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,333. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5700 S Gramercy Pl

What is the listing price of this property?

The listing price of 5700 S Gramercy Pl property is $849,000.

What type of property is this?

The property 5700 S Gramercy Pl is a house located in Los Angeles, California, 90062.

Is this property for sale now?

Active Listing: 5700 S Gramercy Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5700 S Gramercy Pl are:
Western Avenue Elementary School: GreatSchools Rating 2/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
View Park Preparatory Accelerated Charter Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
Crenshaw Sci, Tech, Engr, Math and Med Magnet: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,702 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 17, 2019 for $605,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5700 S Gramercy Pl has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5700 S Gramercy Pl is 2,538 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5700 S Gramercy Pl is 1926.

Rocket Homes›California›Los Angeles County›Los Angeles›90062›5700 S Gramercy Pl

This home is located at 5700 S Gramercy Pl in Los Angeles, CA and zip code 90062 in the Chesterfield Square neighborhood. This 2,538 square foot home, which was built in 1926, sits on a 0.15 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 20, 2024 and is currently priced at $849,000.

Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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