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$2,495,000
4 Days On Site

940 S Gramercy Place
Los Angeles, CA 90019

For Sale|Residential Income|Active
10
Beds
8
Total Baths
6,412
SqFt
$389
/SqFt
1965
Built
County:
Los Angeles
Call Now: (323) 389-5432
Is this the listing for you? We can help make it yours.
(323) 389-5432
940 S Gramercy Place940 S Gramercy Place940 S Gramercy Place940 S Gramercy Place
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Monthly Payment (Est.)

$11,383
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT'S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.

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Listing Snapshot
Price 
$2,495,000
Days On Site 
4 Days
Bedrooms 
10
Inside Area (SqFt) 
6,412 sqft
Total Baths 
8
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1579 Acres
Year Built 
1965
MLS® Number 
25604663
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
5 days agoListing first seen on site
General Features
Acres 
0.1579
Levels 
One
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
13
Special Circumstances 
Standard
SqFt Total 
6412
Zoning 
LAR3
Interior Features
Appliances 
Refrigerator
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Community Features
MLS Area 
C18 - Hancock Park-Wilshire
Listing courtesy of Max Lee of Real Broker

Based on information from the The MLS as of 2025-10-15 09:07 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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