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$2,695,000
 $14,467 est/mo Sourced by Back At You

941 S Gramercy Place,Los Angeles, CA 90019

Los Angeles, CA 90019

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Description

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

Details

MLS #26985675
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site16
Listing Provided ByIvy Realty Co. | Jae Young Lee

Features

Bed(s)12
Bath(s)12
SQ Feet7,360
Units12
Building(s)1
ZoningLAR3
Acreage0.16

Interior

HeatingForced Air
Heating Yes / NoYes

Parking

Attached Garage Yes / NoNo

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90019
AreaC18 Hancock Park Wilshire
Listing VS Median (in 90019)
Price:
$2,695,000
low | high
Med:
$1,170,000
100% of Average
sqft:
7,360
low | high
Med:
1,716
100% of Average
$ / sqft:
$366
low | high
Med:
$728
48.778073882041% of Average
On site:
16
low | high
Med:
8
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:
$2,695,000
low | high
Med:
$1,170,000
100% of Average
sqft:
7,360
low | high
Med:
1,716
100% of Average
$ / sqft:
$366
low | high
Med:
$728
48.778073882041% of Average
On site:
16
low | high
Med:
8
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.21M - $3.368M
sqft: 5,500 - 9,000
Nearby Listings Property ImageNearby Listings Details
941 S Gramercy Place Property Photo 1
$2,695,000
941 S Gramercy Place
Los Angeles, CA 90019
Listing Updated: September 8, 2026 at 4:19:02 PM PDT
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