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    940 S Gramercy Pl Los Angeles, CA 90019

    Sponsored
    For Sale
    $2,495,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    6,412 SF
    Lot size:
    0.16 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 8 at 5:06 am

    Property Features for 940 S Gramercy Pl

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR3
    Rooms
    Bathroom 7, Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 8, Bathroom 4, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 2, Bathroom 6, Bedroom 10, Bathroom 5, Bedroom 9, Bedroom 6, Bedroom 7, Bedroom 2
    Bedrooms
    10
    Bathrooms
    8
    APN
    5081-032-001
    Parking
    13
    Parking features
    Assigned
    Size
    6,412 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    8

    Real Brokerage Technologies, Inc. (855) 450-0442 [email protected]

    Listing agent Max Lee (619) 663-8680 License #01905008

    Listing date Jan 6, 2026

    Copyright © 2026 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Investment Opportunity

    This two-story, eight-unit apartment building, constructed in 1965, features a classical and modern architectural style and is situated on a hard corner lot. The property is fully leased, with tenants consistently paying their rent on time. Each unit is equipped with its own central air conditioning system. The building also includes a coin-operated laundry facility. Located within minutes of Larchmont Village, restaurants, and markets in a quiet residential neighborhood, the property offers convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, and USC. It boasts a walk score of 82, indicating it is very walkable. The landlord is responsible for trash service, while tenants are billed separately for gas and electric utilities. One of the two-bedroom, one-bathroom units can be delivered vacant at the close of escrow. The rents are significantly below market, presenting a substantial opportunity to increase future income. The property may also have additional income potential through the addition of dwelling units (ADU), subject to buyer verification. The building is well-maintained, retrofitted, and well-gated, situated on a quiet street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.312896
    Latitude
    34.054291

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building with significant income upside potential.
    Where is this apartment building located?
    The property is located at 940 S Gramercy Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Significant upside in future income due to below-market rents and potential for ADU development (buyer to verify).; - 100% leased with tenants paying full rent on time, providing stable current income.; - One 2-bedroom, 1-bathroom unit can be delivered vacant at close of escrow.
    (619) 663-8680
    Request Owner's contact information
    940 S Gramercy Pl Los Angeles, CA 90019
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    Los Angeles, CA 90019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    940 S Gramercy Pl Los Angeles, CA 90019
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