17-Unit Apartment
New
For Sale
$2,900,000
1740 N Gramercy Place, Los Angeles, CA 90028
Basement laundry and a separate rear residence add distinct features to the rental configuration.
Property Size10,798 SF
Lot Size0.23 Acres
Price / SF$268.57
Days on Market3
Property Features for 1740 N Gramercy Place
General Information
Standard status
Active
Size
10,798 SF
Lot size
0.23 Acres
Property subtype
Residential Income
Zoning
R3
Financials
Asking Price
$2,900,000
Cap Rate
4.58%
Gross Income
$286,832
Gross Rent Multiplier
10.11
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
12 x studio, 4 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
17
Amenities
on-site laundry
Building Details
Year Built
1924
Listing Agency:
Marcus & Millichap
(310) 909-5500
Listed By:
Neema Ahadian · License #(S):CA:01346750
(310) 909-5444
Source:
Exprealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This 17-unit apartment property contains twelve studio apartments, four one-bedroom/one-bath units, and a detached three-bedroom/two-bath house. The buildings total approximately 10,798 gross square feet on a 10,002-square-foot R3-zoned lot. Built in 1924, the property includes basement laundry and unit-level circuit breakers installed in the basement electrical room. Four apartments—101, 102, 201, and 202—have entrances on two sides. Gas and electricity are master-metered in the main building; the rear house tenant pays utilities directly.
The property is in Hollywood, with access to the 101 Freeway and Metro Red Line. The surrounding rental corridor has employment activity in entertainment production, technology, hospitality, and healthcare, with studios and streaming company offices among the area’s employment anchors.
The property is in Hollywood, with access to the 101 Freeway and Metro Red Line. The surrounding rental corridor has employment activity in entertainment production, technology, hospitality, and healthcare, with studios and streaming company offices among the area’s employment anchors.
Key Highlights
- 17 units: 12 studios, four one‑bedroom/one‑bath apartments, and one detached three‑bedroom/two‑bath house
- Approximately 10,798 gross square feet on a 10,002‑square‑foot R3‑zoned lot
- Constructed in 1924; basement laundry and new circuit breakers installed per unit
Property Analytics
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Current Use
Lease Details
17
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Basement laundry and a separate rear residence add distinct features to the rental configuration.
Where is this apartment building located?
The property is located at 1740 N Gramercy Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 17 units: 12 studios, four one‑bedroom/one‑bath apartments, and one detached three‑bedroom/two‑bath house; Approximately 10,798 gross square feet on a 10,002‑square‑foot R3‑zoned lot; Constructed in 1924; basement laundry and new circuit breakers installed per unit
