1848 N Gramercy Place Los Angeles, CA ^$ 10,545,000

1848 N Gramercy Place

^$ 10,545,000

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1848 N Gramercy Place

Los Angeles, CA, 90028

^$ 10,545,000

Bedrooms-- Baths-- Sq 34,320

Monthly Estimate*

^$ 65,787

Listed by Atlas Real Estate Corporation

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Commercial Property for sale in Los Angeles, CA

for $10,545,000. This 34,320 square foot building was built in 1929 on a lot size of 0.3178.

1848 N Gramercy Pl is a 48-unit Beaux-Arts style apartment building located in the desirable Los Feliz neighborhood of Los Angeles. Built in 1929, the property offers a mix of studios and one-bedroom units with an average size of approximately 500 square feet. Amenities include on-site management, elevator, controlled access, security surveillance, a landscaped courtyard, and laundry facilities.The property presents a value-add opportunity, with potential to enhance unit interiors from legacy tenants and common areas to further increase rental income. Located in one of the few submarkets inLos Angeles where leasing activity remains strong and rents have stayed stable, 1848 N Gramercy Pl benefits from consistent tenant demand and long-term growth potential.Conveniently positioned near the Hollywood Freeway, the property offers easy access to numerousHollywood landmarks, exceptional restaurants, and vibrant nightlife.

Commercial Active

Price

^$ 10,545,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.3178

Year Built

1929

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25611107

Days on Market

Features

General

Utilities Electricity Available

Zoning LAR3

HOA Fee 0

Year Built 1929

Electric Standard

Building Name Sir Launfal

County Los Angeles

Net Operating Income 429627

Property Type Commercial Sale

Possible Use Multi-Family

Special Listing Conditions Standard

Status Active

Directions Located on N Gramercy Place this building has an open-gated entrance with a beautiful red column design on the front facade of the building.

City Los Angeles

Number Of Units Total 48

MLS Area C20 - Hollywood

Lot Size Units Square Feet

Lot Size Square Feet 13843

Standard Status Active

Interior

Total Stories 5

Total Baths 0

Exterior

Lot Features Back Yard Front Yard Garden

Total Parking 0

Lot Size Area 13843

Number of Buildings 1

Building Area Total 34320

Lot Dimensions 75x184

Lot Size Acres 0.3178

Lot Size Source Estimated

* Excluded Features

List By

Atlas Real Estate Corporation

Broker

bhdrealestate@gmail.com

Affordability Calculator

$65,787

Per Month

Monthly Principal & Interest: $65,787
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,718,109

Percent of Sale Price 74%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/25/2025	$10,545,000		Listed Price

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1848 N Gramercy Place, Los Angeles, CA, 90028 is a Commercial Property for sale at $10,545,000 with 34,320 sqft and a lot size of 0.3178. 1848 N Gramercy Place was built in 1929. The property's zip code is 90028 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/18/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1848 N Gramercy Place

Commercial Property for sale in Los Angeles, CA

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