941 S Gramercy Place, Los Angeles, CA 90019

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
941 S Gramercy Place,Los Angeles, CA 90019
$2,695,000
  • 12 Beds
  • 12 Baths
  • 7,360 sq. ft.
  • Multi-family
  • Active
Listed by: jae young lee, ki seon im
Office: ivy realty co.213-386-8888
MLS#:26985675
Source:CRMLS

Price summary

  • Price:$2,695,000
  • Price per sq. ft.:$366.17

About this home

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.

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Home facts

  • Year built:1964
  • Listing ID #:26985675
  • Added:7 day(s) ago
  • Updated:September 16, 2026 at 01:41 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Living area:7,360 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1964
  • Building area:7,360 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,695,000
  • Price per sq. ft.:$366.17

Parking

  • Total parking spaces:14
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