453 S Gramercy Place
Los Angeles, CA, 90020 $ 3,950,000
Bedrooms8 Baths64.0 Sq 8,594 Monthly Estimate*
$ 24,321
Listed by Apple Tree Realty
for $3,950,000 with 8 bedrooms and 64 full baths. This 8,594 square foot home was built in 1966 on a lot size of 0.1838.
LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, walkable area with an excellent walk score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within walking distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.
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FeaturesGeneralLiving Area 8594
Sewer Other
Possession Close Of Escrow
Roof Bitumen
Appliances Oven Refrigerator
Zoning LAR4
Pool Features None
Construction Materials Stucco
Year Built 1966
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Gross Income 292148
Accessibility None
County Los Angeles
Net Operating Income 198070
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Gramercy Place between 4th and 5th Street
City Los Angeles
Senior Community Y/N false
Number Of Units Total 14
MLS Area C18 - Hancock Park-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 8008
Spa Features None
Additional Parcels Y/N true
Rent Control Y/N true
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.01
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InteriorInterior Amenities Ceiling Fan(s)
Fireplace Features None
Total Stories 0
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Common Area
Total Bedrooms 8
Total Baths 14
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ExteriorParking Features Covered Gated
Total Parking 13
Lot Size Area 8008
Foundation Details Block Concrete Perimeter Quake Bracing Slab
Number of Buildings 1
Spa false
Building Area Total 8594
Lot Size Acres 0.1838
Private Pool false
Lot Size Source Appraiser
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* Excluded FeaturesList Bytkim.appletree@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $24,321
- Monthly Property Taxes
- --
- Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,865,242
Percent of Sale Price 53%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/20/2026 | $3,950,000 | | Listed Price |