940 S Gramercy Place, Los Angeles, CA 90019

Local realty services provided by:ERA North Orange County Real Estate
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940 S Gramercy Place,Los Angeles, CA 90019
$2,495,000
  • 10 Beds
  • 8 Baths
  • 6,412 sq. ft.
  • Multi-family
  • Active
Listed by:max lee
Office:real broker
MLS#:24448139
Source:CRMLS

Price summary

  • Price:$2,495,000
  • Price per sq. ft.:$389.11

About this home

SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT'S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10

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Home facts

  • Year built:1965
  • Listing Id #:24448139
  • Added:320 day(s) ago
  • Updated:August 19, 2025 at 02:27 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Living area:6,412 sq. ft.

Structure and exterior

  • Year built:1965
  • Building area:6,412 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,495,000
  • Price per sq. ft.:$389.11
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