941 S Gramercy Place, Los Angeles, CA 90019

• 12 beds |
• 12 baths |
• 7,360 sqft

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:

May 20, 2026 at 3:16PM

Listing Office:

Ivy Realty Co. : 213-386-8888

Listing Agent:

Ki Seon Im : 213-505-6345

MLS ID:

26655597

Interior

• Laundry: Common Area
• Heating: Forced Air

Exterior

• Pool: None
• Parking: AssignedParking spaces: 14

Construction

• General: 0

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR35081025007

Financial

• Source: CRMLS_CL