940 S Gramercy Pl Los Angeles, CA 90019
MULTI_FAMILY - Los Angeles, CA
Property size:
6,412 SFLot size:
0.16 AcresPrice / SF:
$389/SF- Added:
- Apr 22, 2026
- Days on Market:
- 11
- Last Refresh:
- May 2 at 12:06 pm
Property Features for 940 S Gramercy Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR3
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 8, Bedroom 7, Bedroom 10, Bedroom 8, Bathroom 3, Bathroom 5, Bathroom 7, Bedroom 5, Bathroom 6, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 9
- Parking
- 13
- Parking features
- Assigned
- Standard status
- Active
- APN
- 5081-032-001
- Size
- 6,412 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 8
Listing agent Max Lee License #01905008 (213) 434-2433
Listing office Real Broker 1420 Kettner Blvd. #100, Newark, CA (619) 663-8680
Listing date Apr 22, 2026
MLS# 26782421
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Eight-Unit Apartment Building on Corner Lot
This two-story, eight-unit apartment building, constructed in 1965, features classical and modern architectural touches and is situated on a hard corner lot. Each unit has its own central air conditioning. The landlord is responsible for trash service, while tenants are billed separately for gas and electric, as each unit has its own meter. A coin-operated laundry facility is available. The property is located within minutes of Larchmont Village, restaurants, and markets, in a quiet residential neighborhood. It also provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, and USC. The location has a walk score of 82, indicating it is very walkable. The building is well-maintained and retrofitting is complete. The property is well-gated and located on a quiet street. The zoning is LAR3. The property offers potential for additional income through the ADU process to add dwellings, subject to buyer verification. The property is 100% leased, with all tenants currently paying their full rent on time. One 2-bedroom, 1-bathroom unit can be delivered vacant at the close of escrow. The property size is 6,412 square feet, situated on a lot of 0.1579 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.312896
- Latitude
- 34.054291
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-story, eight-unit apartment building built in 1965 on corner lot.
Where is this apartment building located?
The property is located at 940 S Gramercy Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Significant upside in future income due to below‑market rents and potential for ADU development (buyer to verify).; Prime location: close to Larchmont Village, restaurants, markets, and convenient access to the 10 freeway, Mid‑Wilshire, Koreatown, Downtown LA, USC, with a high walk score of 82.; Well‑maintained 8‑unit apartment building with retrofitting completed.
