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Multifamily For Sale • 19,620 SF
| Gracie on Gramercy offers investors a proven interior renovation scope to emulate and capture 11%+ in remaining rental income upside. |
| Notable capital improvements include seismic retrofitting in the parking areas, upgraded electrical systems, & replacing all of the windows throughout |
| Hollywood is a high demand rental market. 96% of the population are renters and 58% are between the ages of 20 and 44. |
| The Property offers residents a true live, work, play environment just steps from Franklin Village |
| The Property recently achieved $1,949 on a renovated studio and $2,399 on a renovated 1-bedroom. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 4.2 mi |
| Downtown Burbank (Antelope Valley Line - Amtrak, Pacific Surfliner - Amtrak, Ventura County Line - Amtrak) | 13 min | - | 7.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 7 min | 0.4 mi |
| Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 19 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 16 min | - | 9.2 mi |
| Los Angeles International | 28 min | - | 14.7 mi |
| Long Beach (Daugherty Field) | 39 min | - | 28.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 28 |
| Type: | Covered |
| Included in Rent: | Yes |
Kevin Green
Marcus & Millichap
Kevin Green
Marcus & Millichap
