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$1,680,000
 $9,019 est/mo Sourced by Back At You

932 S Gramercy Place,Los Angeles, CA 90019

Los Angeles, CA 90019

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Description

Rare investment opportunity in the highly desirable western section of Koreatown. Situated on a 7,500 SF R3-zoned lot within a TOC Tier 3 area, this well-maintained five-unit apartment building offers stable rental income with strong long-term upside. Approximately 4,800 SF property features five spacious 2-bedroom, 2-bathroom units, a unit mix that continues to be in high demand among renters. The property is occupied by reliable tenants with a strong payment history, providing consistent cash flow for investors. Located on a quiet residential street just west of the heart of Koreatown, the property enjoys close proximity to Hancock Park, Mid-Wilshire, Larchmont Village, Downtown Los Angeles, restaurants, shopping, Metro stations, and major freeways. This central location continues to attract strong tenant demand and offers long-term investment stability. Whether you're looking for a stable income property, a long-term hold, or a future development opportunity, 932 S. Gramercy Place offers the flexibility and potential that investors seek in one of Los Angeles' strongest rental markets.

Details

MLS #26865385
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1966
Days On Site61
Listing Provided BySeeders Real Estate | Mia Shin

Features

Bed(s)10
Bath(s)10
SQ Feet4,800
Story(s)2
Units5
Building(s)1
ZoningLAR3
Acreage0.17

Interior

HeatingForced Air
Heating Yes / NoYes
AppliancesDisposal, Refrigerator

Parking

Parking FeaturesAssigned

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90019
AreaC18 Hancock Park Wilshire
Listing VS Median (in 90019)
Price:
$1,680,000
low | high
Med:
$1,099,000
84.583333333333% of Average
sqft:
4,800
low | high
Med:
3,293
81.395833333333% of Average
$ / sqft:
$350
low | high
Med:
$334
54.646219252961% of Average
On site:
61
low | high
Med:
54
100% of Average
Sourced by Back At You

Market Activity 90019

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90019
AreaC18 Hancock Park Wilshire
Listing VS Median (in 90019)
Price:
$1,680,000
low | high
Med:
$1,099,000
84.583333333333% of Average
sqft:
4,800
low | high
Med:
3,293
81.395833333333% of Average
$ / sqft:
$350
low | high
Med:
$334
54.646219252961% of Average
On site:
61
low | high
Med:
54
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.26M - $2.1M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
939 S Wilton Place Property Photo 1
$2,600,000
939 S Wilton Place
Los Angeles, CA 90019
Listing Updated: August 21, 2026 at 9:42:23 PM PDT
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