838 S Gramercy Place
Los Angeles, CA 90005
11
Bed
0
Bath
6,324Sqft
7,502Sqft(Lot)
PRICE REDUCED FOR A QUICK SALE! UNBEATABLE LOCATION & MASSIVE UPSIDE! Strategically positioned on the border of Hancock Park and Koreatown, 838 S Gramercy Place represents the ultimate "Location! Location! Location!" investment. This 8-unit multifamily asset is priced to make buyers profitable from day one, offering a rare combination of immediate cash flow and significant equity growth potential. Currently operating at a strong 6.11% CAP (w/ No Vacancy) and 10.69 GRM, this property features an incredible path to 8.69% CAP (w/ No Vacancy) and 8.47 GRM based on market rents. The unit mix consists of THREE spacious 2-bedroom/1-bath units and FIVE 1-bedroom/1-bath units, providing maximum rental flexibility in a high-demand submarket. Key Highlights for Savvy Investors: 1. Aggressive Pricin
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 11Bathroom Information
Total Baths: 8 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1957 Building Area Total: 6,324 -
Laundry Features
Common Area
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1722 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7502
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Listing Price Information
Original List Price: 1,790,000 Listing Contract Date: 2026-03-04 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5092025017
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Garage and Parking
Garage Description: Assigned,CarportHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 3457 Directions: West of S. Western Ave and South of Wilshire Blvd Zoning: LAR3 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire -
Building and Construction
Property Age: 69 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 6324 Property Attached: Yes Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 830 S Hoover Street, Los Angeles, CA, 90005 | $2,495,000 | 6 | -- | 8,080 | 8,080 SqFt |
| 2939 Leeward #212, Los Angeles, CA, 90005 | $1,199,999 | 3 | 3 | 1,690 | 1,690 SqFt |
| 681 Shatto Place, Los Angeles, CA, 90005 | $5,299,000 | -- | -- | 24,642 | 24,642 SqFt |
| 2961 W 8th Street, Los Angeles, CA, 90005 | $1,250,000 | 6 | 2 | 3,001 | 3,001 SqFt |
| 674 S Catalina Street, Los Angeles, CA, 90005 | $2,900,000 | 12 | -- | 7,472 | 7,472 SqFt |
| 743 S Berendo Street, Los Angeles, CA, 90005 | $3,200,000 | 12 | -- | 9,955 | 9,955 SqFt |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | -- | 5,322 | 5,322 SqFt |
| 741 S Hobart Boulevard, Los Angeles, CA, 90005 | $3,999,000 | 15 | -- | 11,230 | 11,230 SqFt |
| 705 S Gramercy Place, Los Angeles, CA, 90005 | $1,490,000 | 6 | -- | 3,640 | 3,640 SqFt |
| 860 1/2 S Wilton Place, Los Angeles, CA, 90005 | $1,100,000 | 3 | 2 | 1,520 | 1,520 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 12:11
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