Properties

Los Angeles, CA 90020 453 S Gramercy Place

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Presented By: Thomas Yong Kim with Apple Tree Realty;
  • MLS# 26640199
  • 01/16/2026
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  • Beds • 8
  • Baths • 64
  • SQFT • 8,594

Home Details

LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.
Presented By: Thomas Yong Kim with Apple Tree Realty;

Interior Features for 453 S Gramercy Place

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths14

Other Interior Features

Fireplace FeaturesNone
Fireplace Y/NNo
Interior AmenitiesCeiling Fan(s)
Laundry FeaturesCommon Area
Total Stories

General for 453 S Gramercy Place

AccessibilityNone
Additional Parcels Y/NYes
AppliancesOven, Refrigerator
Cap Rate5.01
CityLos Angeles
Construction MaterialsStucco
CountyLos Angeles
DirectionsGramercy Place between 4th and 5th Street
Full Baths
Gross Income292148
HOANo
LevelsTwo
Living Area8594
Lot Size Square Feet8008
Lot Size UnitsSquare Feet
MLS AreaC18 - Hancock Park-Wilshire
Net Operating Income198070
New ConstructionNo
Number Of Units Total14
Occupancy TypeTenant
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
RoofBitumen
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tenant PaysElectricity, Gas
Year Built1966
ZoningLAR4

Exterior for 453 S Gramercy Place

Building Area Total8594
Foundation DetailsBlock, Concrete Perimeter, Quake Bracing, Slab
Lot Size Acres0.1838
Lot Size Area8008
Lot Size SourceAppraiser
Number of Buildings1
Parking FeaturesCovered, Gated
Private PoolNo
SpaNo
Total Parking13

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,800,000
MLS#26640199
List Date 01/16/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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