$2,695,000

941 S Gramercy Place, Los Angeles, CA 90019

12 beds |
12 baths |
7,360 sqft

Multi-Family Home
Built in 1964
6,869sqft lot
—— car garage
$366/sqft
Listed 1 month ago

Property 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 Status:: Active
Date Added:: February 23, 2026
Data Last Updated:: April 2, 2026 at 12:19AM
Listing Office:: Ivy Realty Co. : 213-386-8888
Listing Agent:: Ki Seon Im : 213-505-6345
MLS ID:: 26655597

Laundry: Common Area
Heating: Forced Air

Pool: None
Parking: AssignedParking spaces: 14

General: 0

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR35081025007

Source: CRMLS_CL

This listing courtesy of Ki Seon Im , Ivy Realty Co.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Wilton Place Elementary

745 S Wilton Pl, Los Angeles, CA, 90005

Grades KG-5

0.32 miles away

Pico Pico Middle School

1512 Arlington Ave, Los Angeles, CA, 90019

Grades 6-8

0.63 miles away

RFK Community Schools - New Open World Academy

3201 W 8th St, Los Angeles, CA, 90005

Grades KG-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.