Properties

Los Angeles, CA 90019 940 S Gramercy Place

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Presented By: Max Lee with Real Broker;
  • MLS# 26669975
  • 03/26/2026
  • Get pre-approved
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  • Beds • 10
  • Baths • 1
  • SQFT • 6,412

Home Details

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 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.
Presented By: Max Lee with Real Broker;

Interior Features for 940 S Gramercy Place

Bedrooms

Total Bedrooms10

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths8

Other Interior Features

Total Stories

General for 940 S Gramercy Place

AppliancesRefrigerator
CityLos Angeles
CountyLos Angeles
DirectionsEast of Hancock Park, South of Wilshire Blvd., North of Olympic Blvd.
Full Baths
Gross Income13612
HOANo
LevelsOne
Living Area6412
Lot Size Square Feet6877
Lot Size UnitsSquare Feet
MLS AreaC18 - Hancock Park-Wilshire
Net Operating Income95285
New ConstructionNo
Number Of Units Total8
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Year Built1965
ZoningLAR3

Exterior for 940 S Gramercy Place

Building Area Total6412
Lot Dimensions55x125
Lot Size Acres0.1579
Lot Size Area6877
Number of Buildings1
Parking FeaturesAssigned
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 $2,495,000
MLS#26669975
List Date 03/26/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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