736 Gramercy Drive, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
736 Gramercy Drive,Los Angeles, CA 90005
$1,350,000
  • 9 Beds
  • 8 Baths
  • 6,076 sq. ft.
  • Multi-family
  • Active
Listed by: adam peterson
Office: cb richard ellis, inc.
MLS#:26996819
Source:CRMLS

Price summary

  • Price:$1,350,000
  • Price per sq. ft.:$222.19

About this home

7 units in Prime Koreatown west of Western Ave in a Walker's Paradise (92 Walk Score). A true value-add opportunity with 30% upside (8%+ cap at market), the asset is incredibly well positioned for an investor to steward to new heights with upgrades, unit turnover and potential ADUs. Priced at $192k per unit and a 5.6% cap rate, the offering represents an attractive basis well below replacement cost and competitive cashflow right out of the gate. Most of the upside is concentrated across three longer-tenured units, making the upside capture more manageable. This stretch of Gramercy Dr. is quiet with low density residential and single family homes mixed with mid-sized apartment buildings. Within just a few blocks, residents can enjoy an incredible array of dining, retail and entertainment options including The Wiltern Theatre, Western Plaza and Koreatown Plaza.

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Home facts

  • Year built:1955
  • Listing ID #:26996819
  • Added:21 day(s) ago
  • Updated:October 27, 2026 at 11:33 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Living area:6,076 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1955
  • Building area:6,076 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Mid Century Modern

Finances and disclosures

  • Price:$1,350,000
  • Price per sq. ft.:$222.19

Parking

  • Total parking spaces:9
  • Parking description:Carport, Driveway
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