8-Unit Apartment
For Sale
$1,790,000
Pending
838 S Gramercy Pl, Los Angeles, CA 90005
Two-bedroom and one-bedroom residences include assigned parking and separate gas and electric meters.
Property Size6,324 SF
Days on Market54
Property Features for 838 S Gramercy Pl
General Information
Standard status
Pending
Size
6,324 SF
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Units
Unit Mix
3 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
8
Additional Details
Gross Rent Multiplier
10.34
Public Transit
Yes
Building Details
Building Size
6,324 SF
Year Built
1957
Year Renovated
2022
Listing Agency:
Seeders Real Estate
Listed By:
Hyun Jin IM · License #01989280
Source:
Carolinakramer
Added: Aug 25
Changed: Oct 11
Last Checked: Oct 16 at 6:06PM
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 Seeders Real Estate
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains three 2-bedroom/1-bath residences and five 1-bedroom/1-bath residences within 6,324 square feet. The building was constructed in 1957 and includes 8 assigned parking spaces. Gas and electricity are separately metered, supporting distinct utility allocation across the property.
A seismic retrofit was completed in 2022. The property also received SB721 balcony inspection and clearance in March 2026. Located at 838 S Gramercy Pl in Los Angeles, the asset sits near Hancock Park and Koreatown, with dining, shopping, banks, and Metro stations nearby.
The property is reported at a 6.33% CAP with no vacancy and a 10.34 GRM. Based on market rents, the reported figures are 9.03% CAP with no vacancy and an 8.20 GRM.
A seismic retrofit was completed in 2022. The property also received SB721 balcony inspection and clearance in March 2026. Located at 838 S Gramercy Pl in Los Angeles, the asset sits near Hancock Park and Koreatown, with dining, shopping, banks, and Metro stations nearby.
The property is reported at a 6.33% CAP with no vacancy and a 10.34 GRM. Based on market rents, the reported figures are 9.03% CAP with no vacancy and an 8.20 GRM.
Key Highlights
- 8‑unit apartment property totaling 6,324 SF
- Unit mix includes three 2‑bedroom/1‑bath and five 1‑bedroom/1‑bath residences
- 8 assigned parking spaces
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
6,070
Businesses Nearby
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Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom and one-bedroom residences include assigned parking and separate gas and electric meters.
Where is this apartment building located?
The property is located at 838 S Gramercy Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 8‑unit apartment property totaling 6,324 SF; Unit mix includes three 2‑bedroom/1‑bath and five 1‑bedroom/1‑bath residences; 8 assigned parking spaces
