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

736 Gramercy Drive

^$ 1,350,000

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736 Gramercy Drive

Los Angeles, CA, 90005

^$ 1,350,000

Bedrooms-- Baths0.0 Sq 6,076

Monthly Estimate*

^$ 9,324

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

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

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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

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

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

Multi-Family Home for sale in Los Angeles, CA

for $1,350,000. This 6,076 square foot home was built in 1955 on a lot size of 0.14.

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

Property Type

Multi-Family

Taxes

^$ 0

Style

Mid Century Modern

Lot Size

0.14

Year Built

1955

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026996819

Features

General

Living Area 6076

Heating Wall Furnace

Zoning LAR4

Architectural Style Mid Century Modern

Security Features Gated Community

Year Built 1955

Tenant Pays Electricity Gas

Levels Multi/Split

County Los Angeles

New Construction false

Property Type Residential Income

HOA false

Status Active

City Los Angeles

Senior Community Y/N false

MLS Area HPK - Hancock Park

Lot Size Units Square Feet

Lot Size Square Feet 6251

Additional Parcels Y/N false

Standard Status Active

Interior

Total Stories 2

Air Conditioning Y/N false

Heating Y/N true

Total Baths 0

Exterior

Parking Features Carport Driveway

Lot Size Area 6251

Foundation Details None

Building Area Total 6076

Lot Size Acres 0.14

* Excluded Features

List By

Adam Peterson

Listing Agent

Unknown Office

Broker

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

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

0 Middle School

Unknown High School High School

See complete school information

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 0.14. 736 Gramercy Drive has 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 10/6/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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736 Gramercy Drive

Multi-Family Home for sale in Los Angeles, CA

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