736 Gramercy Drive Los Angeles, CA ^$ 1,350,000

736 Gramercy Drive

^$ 1,350,000

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Recently Listed

736 Gramercy Drive

Los Angeles, CA, 90005

^$ 1,350,000

Bedrooms9 Baths5.0 Sq 6,076

Monthly Estimate*

^$ 9,324

Listed by Adam Peterson, CB Richard Ellis, Inc., adam.peterson@cbre.com

736 Gramercy Drive, Los Angeles, CA 90005 - Image 1

736 Gramercy Drive, Los Angeles, CA 90005 - Image 2

736 Gramercy Drive, Los Angeles, CA 90005 - Image 3

736 Gramercy Drive, Los Angeles, CA 90005 - Image 4

736 Gramercy Drive, Los Angeles, CA 90005 - Image 5

736 Gramercy Drive, Los Angeles, CA 90005 - Image 6

736 Gramercy Drive, Los Angeles, CA 90005 - Image 7

736 Gramercy Drive, Los Angeles, CA 90005 - Image 8

736 Gramercy Drive, Los Angeles, CA 90005 - Image 9

736 Gramercy Drive, Los Angeles, CA 90005 - Image 10

736 Gramercy Drive, Los Angeles, CA 90005 - Image 11

736 Gramercy Drive, Los Angeles, CA 90005 - Image 12

Multi-Family Home for sale in Los Angeles, CA

for $1,350,000 with 9 bedrooms and 5 full baths. This 6,076 square foot home was built in 1955 on a lot size of 0.1435.

7 units in Prime Koreatown west of Western Ave in a Walker's Paradise (92 Walk Score). A true value-add opportunity with 30% upside (8%+ cap at market), the asset is incredibly well positioned for an investor to steward to new heights with upgrades, unit turnover and potential ADUs. Priced at $192k per unit and a 5.6% cap rate, the offering represents an attractive basis well below replacement cost and competitive cashflow right out of the gate. Most of the upside is concentrated across three longer-tenured units, making the upside capture more manageable. This stretch of Gramercy Dr. is quiet with low density residential and single family homes mixed with mid-sized apartment buildings. Within just a few blocks, residents can enjoy an incredible array of dining, retail and entertainment options including The Wiltern Theatre, Western Plaza and Koreatown Plaza.

Multi-Family Active

Price

^$ 1,350,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1435

Year Built

1955

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26996819

Days on Market

Features

General

Living Area 6076

Heating Wall Furnace

Cooling None

Possession Close Of Escrow

Zoning LAR4

Architectural Style Mid-Century Modern

Security Features Gated Community

Year Built 1955

Tenant Pays Electricity Gas

Levels Multi/Split

Gross Income 134527

Community Features Gated

County Los Angeles

Net Operating Income 75140

New Construction false

Property Type Residential Income

HOA false

Facing Direction West

Full Baths 0

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions West of Western North of 8th St.

City Los Angeles

Disclosures Rent Control

Senior Community Y/N false

Number Of Units Total 7

MLS Area C18 - Hancock Park-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 6251

Carport Y/N true

Additional Parcels Y/N false

Rent Control Y/N true

Standard Status Active

Occupancy Type Tenant

Cap Rate 5.6

Interior

Total Stories 2

Air Conditioning Y/N false

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 9

Total Baths 8

Exterior

Parking Features Carport Driveway

Total Parking 9

Lot Size Area 6251

Number of Buildings 1

Building Area Total 6076

Lot Size Acres 0.1435

* Excluded Features

List By

Adam Peterson

Listing Agent

Cb Richard Ellis, Inc.

Broker

adam.peterson@cbre.com

Affordability Calculator

$9,324

Per Month

Monthly Principal & Interest: $9,324
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% 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

Multi-family listings in Los Angeles, CA

Average List Price ^$1,883,496

Percent of Sale Price 40%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

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Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
10/5/2026	$1,350,000		Listed Price

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736 Gramercy Drive, Los Angeles, CA, 90005 is a Multi-Family Home for sale at $1,350,000 with 6,076 sqft and a lot size of 0.1435. 736 Gramercy Drive has 9 bedrooms, 5.0 baths, and was built in 1955. The property's zip code is 90005 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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 10/11/2026. 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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736 Gramercy Drive

Multi-Family Home for sale in Los Angeles, CA

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