Listing Agency: Kidder Mathews Los Angeles West

Listed By: Darin Beebower · License #CA 01121421

Source: Crexi

Added: Apr 12 Changed: Aug 17 Last Checked: Aug 29 at 9:49AM

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Investment Insights

Based on property information with market context.

This apartment building is offered for sale as a residential income property with 39 units. The current listing information identifies the asset as multifamily housing, aligned with apartment building usage.

The property is located at 939 S Gramercy Pl in Los Angeles, California. This provides an owner with a straightforward, unit-count based multifamily asset for consideration.

Key Highlights

• For sale apartment building with 39 residential units
• Multifamily offering $196,026 per unit

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Veterinary Clinic Carpet & Flooring Store Tanning Salon (Bike/Boat/Book/etc) Store Restaurant Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

39

Residential units

Location Intelligence

Trade Area within ½ mile

6,198

Businesses Nearby

Explore this area Business Placement

Demographics for 90019, CA

62,002

Population

26,203

Households

2.4

Avg Household Size

38

Median Age

39%

College-Educated

80%

High-School Grad

3.9 sq mi

ZIP Area

15,898

Density / Sq Mi

$71,395

Median Household Income

$40,316

Median Earnings

$1,782

Median Rent

$1,178,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - For sale apartment building offering 39 residential units.

Where is this apartment building located?

The property is located at 939 S Gramercy Pl Los Angeles, CA.

What are key features of this property?

This property features: For sale apartment building with 39 residential units; Multifamily offering $196,026 per unit