Renovated Multifamily Community in
For Sale
Contact for pricing
1836 N Gramercy Pl, Los Angeles, CA 90028
28-unit multifamily property with significant renovations and income upside.
Property Size19,620 SF
Price / SF$346.59
Days on Market167
Property Features for 1836 N Gramercy Pl
General Information
Standard status
Active
Size
19,620 SF
Total Parking Spaces
40
Property subtype
Multifamily
Occupancy
96%
Investment Type
Value Add
Net Operating Income
$448,441
Building Details
Year Built
1964
Buildings
1
Units
28
Listing Agency:
Marcus & Millichap
Listed By:
Kevin Green · License #CA 01420176
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 8 at 6:34AM
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 offering presents the opportunity to acquire a 28-unit multifamily community located in the Hollywood submarket of Los Angeles. Originally constructed in 1964, the property has undergone substantial renovations, with a prior owner investing an estimated $500,000+ in upgrades and the current ownership group adding $467,000 in additional capital improvements. Many of the property’s mechanical systems and building improvements have been addressed. Twenty-three of the 28 unit interiors, representing 82% of the units, have been extensively renovated. These renovations include new cabinetry, new appliances, upgraded flooring, quartz countertops, tile backsplash, new dual-pane windows, modern LED lighting fixtures, upgraded plumbing fixtures, and in-unit washers and dryers. The remaining 5 units, constituting 18% of the property, present an opportunity for investors to implement a proven interior renovation strategy and potentially capture an 11%+ upside in rental income. The property contains 19,620 square feet.
Key Highlights
- Extensively Renovated Units: 82% of units feature new cabinetry, appliances, flooring, quartz countertops, and in‑unit washer/dryers.
- High Rental Income Upside: Renovate the remaining units to capture 11%+ upside in rental income.
- Substantial Capital Improvements: Over $967K in renovations and upgrades completed.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 28-unit multifamily property with significant renovations and income upside.
Where is this apartment building located?
The property is located at 1836 N Gramercy Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Extensively Renovated Units: 82% of units feature new cabinetry, appliances, flooring, quartz countertops, and in‑unit washer/dryers.; High Rental Income Upside: Renovate the remaining units to capture 11%+ upside in rental income.; Substantial Capital Improvements: Over $967K in renovations and upgrades completed.
