FOR SALE! New TIC Community | 1634-1640 S Gramercy Pl, Mid-City | $525,000-$540,000

FOR SALE! New TIC Community | 1634-1640 S Gramercy Pl, Mid-City | $525,000-$540,000

Old World Charm in Arlington Heights

1638Gramercy.com  

A towering 4-plex with old Hollywood charm in Arlington Heights, with a grand curved staircase entrance, lush green grounds set behind iron gates and green hedges, community outdoor dining with twinkling cafe lights, centrally located in coveted Mid-City. 1920’s character abounds in this gently restored and beautifully updated 4-unit community. With units over 1200 square feet, these masterful flats feel more like grand homes and unlike anything you’ve seen in this price point. Featuring an abundant amount of common yards, many with private yards and outdoor space. Inside: decorative fireplaces, wood windows, real white oak flooring and original crown molding and high ceilings. All the rooms in these homes are spacious and bright, including formal dining rooms, clean and crisp renovated kitchens open to the living area, truly a historic treasure. Perfectly central to all in LA – Historic Arlington Heights was where at the turn of the century Angelenos moved so they could enjoy the views and cool breezes of the ocean, while still commuting via streetcar into downtown for work and entertainment. Travel down the street to grab a coffee at Alibi, lunch at Pasta Sisters with their famous fresh, handmade pasta, Arlington Heights has your culinary needs met and a pretty incredible community to boot. Home to Gallery Row on Washington anchored by the Underground Museum, blocks from K-town, minutes from Culver City. Stay in and stargaze under the city lights, enjoy the common quaint back-patios for you and your neighbors to grill, eat and relax. In-unit laundry, ample closets, and two tandem parking spaces included with this unit.

1638 GRAMERCY PLACE


1640 GRAMERCY PLACE


Details

  • 1634 S GRAMERCY PL / $525,000 / 1,240 SQ FT / 2 BED/2 BATH / PRIVATE YARD // SOLD
  • 1636 S GRAMERCY PL / $499,000 / 1,280 SQ FT / 2 BED/2 BATH / STORAGE SPACE // PENDING
  • 1638 S GRAMERCY PL / $540,000 / 1,240 SQ FT / 2 BED/2 BATH / PRIVATE PATIO // AVAILABLE
  • 1640 S GRAMERCY PL / $535,000 / 1,367 SQ FT / 3 BED/2 BATH // SOLD
  • TIC SALE WITH AS LITTLE AS 10% DOWN FINANCING

TIC sale with financing available – with as little as 10% down thru Sterling Bank, Henry Jeanes, hjeanes@sterlingbank.com.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field Guide HERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.
Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

The Rental Girl (therentalgirl.com) is a full service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge, and support our real estate colleagues, landlords and renters and the TIC community.

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