For Sale Multi-Family MLS# 26985675

941 S Gramercy Place

Los Angeles, CA 90019

$2,695,000

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About 941 S Gramercy Place

941 S Gramercy Pl & 210 S Commonwealth Ave, Los Angeles To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! GRM 12.33! Low Expenses & Separately Metered Gas & Electricity! Seller Motivated! Rare opportunity to acquire two well-maintained apartment buildings in prime Los Angeles. Conveniently located just south of 8th Street and west of Western Avenue near Olympic Boulevard, with easy access to Larchmont Village, Country Club Park, Miracle Mile, Hollywood, and Downtown LA.941 S Gramercy Pl features twelve (12) spacious 1-bedroom, 1-bathroom units with upgraded laminate wood flooring and fourteen (14) on-site parking spaces. Low operating expenses and separate gas and electric meters provide efficient ownership. This property generate $17,906/month ($214,872/year) in gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1964
Living area
7,360 sqft
Price / sqft
$366
Lot
0.1577
Original price
$2,695,000
MLS #
26985675

Interior

Heating
Forced Air
Laundry
Common Area

Exterior & lot

Features
Parking spaces: 14
Lot
LAR3

Schools

District
Los Angeles Unified School District

Financial

Parcel
5081025007
Special conditions
Standard

Location

Area
C18 - Hancock Park-Wilshire
County
Los Angeles
Neighborhood
Koreatown
Directions
N of Olympic & Between Western and Wilton Place

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Listed by Jae Young Lee, Ivy Realty Co.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.