838 S Gramercy Place, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
838 S Gramercy Place,Los Angeles, CA 90005
$1,790,000
  • 11 Beds
  • 8 Baths
  • 6,324 sq. ft.
  • Multi-family
  • Active
Listed by: hyun jin im, eric kim
Office: seeders real estate661-675-6000
MLS#:26878631
Source:CRMLS

Price summary

  • Price:$1,790,000
  • Price per sq. ft.:$283.05

About this home

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 6.33% CAP (w/ No Vacancy) and 10.34 GRM, this property features an incredible path to 9.03% CAP (w/ No Vacancy) and 8.20 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 plus 8 assigned parking...

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Home facts

  • Year built:1957
  • Listing ID #:26878631
  • Added:21 day(s) ago
  • Updated:September 16, 2026 at 10:57 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:$1,790,000
  • Price per sq. ft.:$283.05

Parking

  • Total parking spaces:8
  • Parking description:Assigned, Carport
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