1825 N Gramercy Place, Los Angeles, CA 90028

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
1825 N Gramercy Place,Los Angeles, CA 90028
$5,300,000
  • 1 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tamas batyi
Office: compass
MLS#:SB26054352
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,300,000

About this home

Exceptional opportunity to acquire a 37 unit apartment building comprised of 10 studio units and 27 one-bedroom/one-bath units, originally built in 1968 and totaling approximately 29,085 square feet of living space. The property currently offers an attractive 5.9% cap rate, with approximately 33% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 10.8% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, individually metered gas and electric utilities, and an on-site manager. The building has also benefited from recent capital improvements, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located just minutes from the iconic energy of Hollywood and the natural beauty of Griffith Park, the property places residents at the intersection of historic charm and modern urban living. The surrounding neighborhood blends classic...

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Home facts

  • Listing ID #:SB26054352
  • Added:1 day(s) ago
  • Updated:March 13, 2026 at 12:38 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2

Finances and disclosures

  • Price:$5,300,000
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