$2,695,000
941 S Gramercy Place
Los Angeles, CA 90019
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.
Property Details
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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
Courtesy of Ivy Realty Co.






