537 S Gramercy Place, Los Angeles, CA 90020

Los Angeles
Local realty services provided by:ERA Excel Realty
537 S Gramercy Place,Los Angeles, CA 90020
$3,400,000
  • 8 Beds
  • 16 Baths
  • 8,720 sq. ft.
  • Multi-family
  • Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.
MLS#:25630377
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$389.91

About this home

537 S. Gramercy Place is a well-located 16-unit multifamily investment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and high-demand rental submarkets. The property is ideally situated just two blocks from Wilshire Boulevard, offering tenants walkable access to neighborhood retail, dining, and daily amenities. The Wilshire/Western Metro station is located just three blocks away, providing convenient connectivity to Downtown Los Angeles, Hollywood, and the Westside. Constructed in 1959, the wood-frame stucco property spans approximately 8,720 square feet on an 8,406-square-foot lot with an efficient average unit size of 545 square feet. Building amenities include 16 on-site parking spaces, secured intercom entry, on-site laundry, and a completed soft-story seismic retrofit. Utilities are separately metered for gas and electricity, supporting operational efficiency. From an investment perspective, the property offers approximately 27% upside in...

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Home facts

  • Year built:1959
  • Listing ID #:25630377
  • Added:68 day(s) ago
  • Updated:March 19, 2026 at 01:19 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:16
  • Kitchen Description:Refrigerator, Washer
  • Living area:8,720 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1959
  • Building area:8,720 sq. ft.
  • Lot area:0.19 Acres
  • Architectural Style:Mid Century Modern
  • Construction Materials:Stucco
  • Levels:Multi Split

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$389.91

Features and amenities

  • Appliances:Dryer, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Carbon Monoxide Detectors, Gated Community, Key Card Entry, Resident Manager, Security Gate, Smoke Detectors

Parking

  • Total parking spaces:16
Based on information from California Regional Multiple Listing Service, Inc. as of March 19, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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