838 S Gramercy Place, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:ERA Excel Realty
838 S Gramercy Place,Los Angeles, CA 90005
$1,850,000
  • 11 Beds
  • 8 Baths
  • 6,324 sq. ft.
  • Multi-family
  • Active
Listed by: hyun jin im, eric kim
Office: epique realty
MLS#:26659545
Source:CRMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$292.54

About this home

PRICED TO SELL! 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 6.11% CAP (w/ No Vacancy) and 10.69 GRM, this property features an incredible path to 8.69% CAP (w/ No Vacancy) and 8.47 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...

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Home facts

  • Year built:1957
  • Listing ID #:26659545
  • Added:15 day(s) ago
  • Updated:March 19, 2026 at 01:33 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Kitchen Description:Refrigerator
  • Living area:6,324 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1957
  • Building area:6,324 sq. ft.
  • Lot area:0.17 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$292.54

Features and amenities

  • Appliances:Refrigerator
  • Laundry features:Common Area

Parking

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