Active

453 S Gramercy Place

Los Angeles, CA 90020

$3,800,000 $16,020/Mo

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Overview

Bed

Bath

8,594

Sqft

8,008

Sqft(Lot)

Description

LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms u ncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.

Property Details

Property Type : Residential Income

Price : $3,800,000

AD Id : 74337947

MLS Id : 26640199

Beds : 8

Lot Size : 8,008 Sqft

Living Area Size : 8,594

Year Built : 1966

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 8

Bathroom Information

Total Baths: 14 Full Baths: 0 Half Baths: 0

Water/Sewer

Sewer: Other
Interior Features

Roof: Bitumen Interior Features: Ceiling Fan(s) Property Appliances: Oven,Refrigerator Fireplace: None
Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1966 Building Area Total: 8,594 Construction: Stucco Roof: Bitumen
Foundation

Block,Concrete Perimeter,Quake Bracing,Slab
Accessibility Features

None

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1838
Lot Size Source: Appraiser Lot Size Square Feet: 8008

Listing Price Information

Original List Price: 3,800,000 Listing Contract Date: 2026-01-16
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5504025021

Garage and Parking

Garage Description: Covered,Gated

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 4934 Directions: Gramercy Place between 4th and 5th Street Zoning: LAR4 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire
Building and Construction

Property Age: 60 Year Built Source: Vendor Enhanced Total Square Feet Living: 8594 Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
311 S New Hampshire Ave.., Los Angeles, CA, 90020	$3,925,000	24	--	11,792	11,792 SqFt
426 S Catalina Street, Los Angeles, CA, 90020	$1,899,000	8	--	5,506	5,506 SqFt
520 S Kenmore Avenue, Los Angeles, CA, 90020	$5,900,000	15	--	18,783	18,783 SqFt
400 S Mariposa Avenue, Los Angeles, CA, 90020	$4,795,000	16	--	16,736	16,736 SqFt
514 S Mariposa Avenue, Los Angeles, CA, 90020	$3,700,000	17	--	12,294	12,294 SqFt
541 S Normandie Avenue, Los Angeles, CA, 90020	$1,950,000	8	--	7,481	7,481 SqFt
525 S Ardmore #338, Los Angeles, CA, 90020	$308,800	--	1	381	381 SqFt
523 S Wilton Place, Los Angeles, CA, 90020	$1,390,000	7	--	3,504	3,504 SqFt
320 Westminster Avenue, Los Angeles, CA, 90020	$2,350,000	9	--	4,608	4,608 SqFt
333 S Arden Boulevard, Los Angeles, CA, 90020	$6,100,000	5	4	3,878	3,878 SqFt

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ByOwner last updated this listing 06/17/2026 @ 15:55

MLS: 26640199 LISTED BY: Thomas Yong Kim, Apple Tree Realty 213-465-4858 SOURCE: CRMLS