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$ 1,680,000
Est. payment /mo
Active
932 S Gramercy Place Los Angeles, CA 90019
4,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $350
MLS Listing ID CL26865385
HOA Y/N No
Year Built 1966
Lot Size 7,502 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
Rare investment opportunity in the highly desirable western section of Koreatown. Situated on a 7,500 SF R3-zoned lot within a TOC Tier 3 area, this well-maintained five-unit apartment building offers stable rental income with strong long-term upside. Approximately 4,800 SF property features five spacious 2-bedroom, 2-bathroom units, a unit mix that continues to be in high demand among renters. The property is occupied by reliable tenants with a strong payment history, providing consistent cash flow for investors. Located on a quiet residential street just west of the heart of Koreatown, the property enjoys close proximity to Hancock Park, Mid-Wilshire, Larchmont Village, Downtown Los Angeles, restaurants, shopping, Metro stations, and major freeways. This central location continues to attract strong tenant demand and offers long-term investment stability. Whether you're looking for a stable income property, a long-term hold, or a future development opportunity, 932 S. Gramercy Place offers the flexibility and potential that investors seek in one of Los Angeles' strongest rental markets.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Fireplace No
Building
New Construction No
Others
Tax ID 5092023023
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Listed by Mia Shin • Seeders Real Estate