941 S Gramercy Place Los Angeles, CA ^$ 2,699,999

941 S Gramercy Place

^$ 2,699,999

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941 S Gramercy Place

Los Angeles, CA, 90019

^$ 2,699,999

Studio Baths1.0 Sq 7,360

Monthly Estimate*

^$ 16,844

Listed by Luxury Homes International

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,699,999 with 1 full bath. This 7,360 square foot home was built in 1964 on a lot size of 0.1577.

HUGE PRICE REDUCTION ALERT! Best 12 Units in town priced right for quicker sale. 941 S GRAMERCY PL is a beautiful 12 unit residential income property located in Koreatown neighborhood of Los Angeles. The property features 12 spacious and beautiful 1 Bedroom 1 Bathroom units with 12 assigned parking. Centrally located and close to all amenities of the town this property has always been in high demand rental market. Current monthly gross rental income of $17,600 and $211,200 annually, provide a huge opportunity for rent increase and more profit for the new owner. More information and details are available upon request.

Multi-Family Active

Price

^$ 2,699,999

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1577

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

GD25134258

Days on Market

189

Features

General

Sewer Public Sewer

Heating Central

Utilities Sewer Connected

Possession Close Of Escrow

Zoning LAR3

HOA Fee 0

Garage Spaces 12

Pool Features None

Year Built 1964

Tenant Pays Cable TV Electricity Gas Sewer Telephone

Stories Count 2

Levels Two

Property Subtype Mixed Use

Gross Income 211200

Community Features Curbs Sidewalks

County Los Angeles

Net Operating Income 190080

Operating Expense 21120

Insurance Expense 8000

New Construction 0

Property Type Residential Income

HOA 0

Contingency For more information and details email GlendaleBroker@gmail.com

Garage Y/N 1

Special Listing Conditions Standard

Status Active

Directions Located near the corner of San Marino Street and S Gramercy Place

City Los Angeles

Entry Location 1

Senior Community Y/N 0

Number Of Units Total 12

MLS Area KREA - Koreatown

Lot Size Units Square Feet

Lot Size Square Feet 6870

Listing Terms Cash Cash to Existing Loan Cash to New Loan 1031 Exchange Submit

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 1000

Fuel Expense 0

Trash Expense 5000

Water Sewer Expense 1120

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 65

Property Sub Type Additional Mixed Use

Cap Rate 6.3

Interior

Total Stories 2

Common Walls 1 Common Wall

Heating Y/N 1

Laundry Features Common Area

Entry Level 2

Exterior

Parking Features Assigned

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 12

Lot Size Area 6870

Number of Buildings 1

Building Area Total 7360

Lot Size Acres 0.1577

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 13

Number of Separate Gas Meters 13

Number of Separate Electric Meters 13

* Excluded Features

List By

Luxury Homes International

Broker

glendalebroker@gmail.com

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$16,844

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Monthly Principal & Interest: $16,844
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

Multi-family listings in Los Angeles, CA

Average List Price ^$1,903,962

Percent of Sale Price 29%

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
11/20/2025	$2,699,999		Listed Price

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941 S Gramercy Place, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $2,699,999 with 7,360 sqft and a lot size of 0.1577. 941 S Gramercy Place is a studio with 1.0 baths and was built in 1964. The property's zip code is 90019 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 12/21/2025. 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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941 S Gramercy Place

Multi-Family Home for sale in Los Angeles, CA

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