Active

941 S Gramercy Place

Los Angeles, CA 90019
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Bed 12

Bed

Bath 0

Bath

SqFt7,360

Sqft

SqFt6,870

Sqft(Lot)

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) i n gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,695,000

AD Id : 75565425

MLS Id : 26655597

Beds : 12

Lot Size : 6,870 Sqft

Living Area Size : 7,360

Year Built : 1964

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 12

    Bathroom Information

    Total Baths: 12 Full Baths: 0 Half Baths: 0
  • Heating Source

    Forced Air Has Heating

  • Building Information

    Year Built: 1964 Building Area Total: 7,360
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1577 Lot Size Dimensions: 55x125
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6870

  • Listing Price Information

    Original List Price: 2,695,000 Listing Contract Date: 2026-02-23
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5081025007

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 2154 Directions: N of Olympic & Between Western and Wilton Pl Zoning: LAR3 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire
  • Building and Construction

    Property Age: 62 Year Built Source: Vendor Enhanced Total Square Feet Living: 7360 Levels or Stories: Three Or More
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1117 S Manhattan Place, Los Angeles, CA, 90019 $1,399,000 4 2 1,807 1,807 SqFt
1044 S St Andrews Place, Los Angeles, CA, 90019 $1,490,000 5 3 2,133 2,133 SqFt
1254 S Manhattan, Los Angeles, CA, 90019 $1,790,000 6 3 3,024 3,024 SqFt
1415 S Manhattan Place, Los Angeles, CA, 90019 $2,280,000 9 5 7,512 7,512 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $2,799,000 12 -- 9,268 9,268 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $1,925,000 12 -- 9,268 9,268 SqFt
1070 S Wilton Place, Los Angeles, CA, 90019 $2,300,000 4 2 3,190 3,190 SqFt
1023 S Wilton Place, Los Angeles, CA, 90019 $1,425,000 7 7 2,660 2,660 SqFt
1220 S Wilton Place, Los Angeles, CA, 90019 $1,765,000 4 1 3,382 3,382 SqFt
1224 S Wilton Place, Los Angeles, CA, 90019 $1,675,000 6 5 4,560 4,560 SqFt

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ByOwner last updated this listing 06/19/2026 @ 01:30

MLS: 26655597 LISTED BY: Ki Seon Im, Ivy Realty Co. 213-386-8888 SOURCE: CRMLS

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