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For SaleLuxury

$2,695,000

7,360 sqft$366/sqft61 days on market

941 S Gramercy Place

Los Angeles, CA 90019

· 8% down, 7% APR, 30yr fixed

12

Beds

12

Baths

7,360

Square feet

1964

Built

Listing narrative

Description

941 S Gramercy Pl & 210 S Commonwealth Ave, Los Angeles To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! GRM 12.33! Low Expenses & Separately Metered Gas & Electricity! Seller Motivated! Rare opportunity to acquire two well-maintained apartment buildings in prime Los Angeles. Conveniently located just south of 8th Street and west of Western Avenue near Olympic Boulevard, with easy access to Larchmont Village, Country Club Park, Miracle Mile, Hollywood, and Downtown LA.941 S Gramercy Pl features twelve (12) spacious 1-bedroom, 1-bathroom units with upgraded laminate wood flooring and fourteen (14) on-site parking spaces. Low operating expenses and separate gas and electric meters provide efficient ownership. This property generate $17,906/month ($214,872/year) in gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.

Listing agent (MLS): Jae Young Lee · Listing brokerage (MLS): Ivy Realty Co.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,695,000

Beds

12 bd

Type

House

Home Size

7,360 sqft

Baths

12

Lot Size

0.16 acres

Year

1964

Status

For Sale

Days on Market

61

$ / Sqft

$366

· 8% down, 7% APR, 30yr fixed
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Courtesy of Ivy Realty Co.