8-Unit Apartment
For Sale
$1,790,000
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
Price / SF$283.05
Days on Market9
Property Features for 838 S Gramercy Pl
General Information
Standard status
Active
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: Sep 1
Last Checked: Sep 1 at 8:52PM
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
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
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
6,070
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
