Building Details

Building Size 34,320 SF

Year Built 1929

Construction Beaux-Arts

Listing Agency: Atlas Real Estate Corporation 310-975-2570 Overview Additional information MLS R ID 25611107 Interior features Total Bathrooms 0 Exterior features Lot Size 0.32 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by Brett Daniels CA DRE# 01230746 with Atlas Real Estate Corporation 310-975-2570

Listed By: Brett Daniels CA DRE# 01230746 · License #01230746 Show Phone

Source: Truthrealty

Added: Oct 20, 2025 Changed: Sep 27 Last Checked: Oct 7 at 3:51PM

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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 Atlas Real Estate Corporation 310-975-2570 Overview Additional information MLS R ID 25611107 Interior features Total Bathrooms 0 Exterior features Lot Size 0.32 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by Brett Daniels CA DRE# 01230746 with Atlas Real Estate Corporation 310-975-2570

Investment Insights

Based on property information with market context.

This Beaux-Arts style apartment building was built in 1929 and contains 48 units, with a mix of studios and one-bedroom residences. The property includes an on-site management presence, an elevator, controlled access, security surveillance, a landscaped courtyard, and laundry facilities.

The building is located near the Hollywood Freeway, providing convenient access to surrounding destinations.

The existing unit mix supports a range of residential use cases, and the property also provides a value-add direction centered on updating legacy unit interiors and common areas.

Key Highlights

• 48‑unit Beaux‑Arts apartment building built in 1929
• Unit mix of studios and one‑bedroom apartments
• Average unit size of approximately 500 SF

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Fish Market Skin Care Clinic

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

48

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,123

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - 48-unit Beaux-Arts apartment building built in 1929 with studios and one-bedroom units and an on-site courtyard.

Where is this apartment building located?

The property is located at 1848 N Gramercy Place Los Angeles, CA.

What is the asking price?

The asking price for this property is $10,545,000.

What are key features of this property?

This property features: 48‑unit Beaux‑Arts apartment building built in 1929; Unit mix of studios and one‑bedroom apartments; Average unit size of approximately 500 SF