940 S Gramercy Place, Los Angeles, CA 90019

Local realty services provided by:ERA Excel Realty
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#:25590953
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 #:25590953
  • Added:348 day(s) ago
  • Updated:September 16, 2025 at 01:37 PM

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
Based on information from California Regional Multiple Listing Service, Inc. as of September 16, 2025 . 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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