838 S Gramercy Place, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
838 S Gramercy Place,Los Angeles, CA 90005
$1,850,000
  • 11 Beds
  • 8 Baths
  • 6,324 sq. ft.
  • Multi-family
  • Active
Listed by: hyun jin im, eric kim
Office: epique realty
MLS#:26659545
Source:CRMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$292.54

About this home

PRICED TO SELL! 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 6.11% CAP (w/ No Vacancy) and 10.69 GRM, this property features an incredible path to 8.69% CAP (w/ No Vacancy) and 8.47 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's market. 2. Prime Accessibility: Steps away from world-class dining, shopping, major banks, and Metro stations. 3. Low Owner Expenses: Separately metered gas and electricity

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Home facts

  • Year built:1957
  • Listing ID #:26659545
  • Added:2 day(s) ago
  • Updated:March 06, 2026 at 11:29 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Kitchen Description:Refrigerator
  • Living area:6,324 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1957
  • Building area:6,324 sq. ft.
  • Lot area:0.17 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$292.54
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