838 S Gramercy Place
Los Angeles, CA 90005
11
Bed
8
Bath
6,324Sqft
7,502Sqft(Lot)
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 6.33% CAP (w/ No Vacancy) and 10.34 GRM, this property features an incredible path to 9.03% CAP (w/ No Vacancy) and 8.20 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 Pricing: Priced to move quickly in today
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 11Bathroom Information
Total Baths: 8 -
Interior Features
Appliances: RefrigeratorLaundry Features: CommonArea -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1957Building Area Total: 6324Stories: 1Private Pool: No
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Lot Information
Main Square Feet: 7502 Lot Size Acres: 0.1722 Lot Size Square Feet: 7,502
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Listing Price Information
Listing Price: $1790000
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Tax Information
Parcel Number: 5092025017
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Virtual Tour
Parking Information
Parking Total: 8 Assigned, Carport
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Location Information
Direction: West of S. Western Ave and South of Wilshire Blvd
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 | $1,099,999 | 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 |
| 811 S Vermont Avenue, Los Angeles, CA, 90005 | $1,699,000 | -- | -- | 4,676 | 4,676 SqFt |
| 747 S New Hampshire Ave.., Los Angeles, CA, 90005 | $3,495,000 | -- | -- | 14,188 | 14,188 SqFt |
| 810 S Berendo Street, Los Angeles, CA, 90005 | $4,500,000 | 30 | 30 | 12,747 | 12,747 SqFt |
| 674 S Catalina Street, Los Angeles, CA, 90005 | $2,900,000 | 12 | -- | 7,472 | 7,472 SqFt |
| 749 S Berendo, Los Angeles, CA, 90005 | $1,384,000 | 1 | 2 | -- | |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | 8 | 5,322 | 5,322 SqFt |
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ByOwner last updated this listing 08/26/2026 @ 06:28
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