Realty Solution
Powered by 
- 0
- 7
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
Listed by: Adam Peterson (310) 550-2592 DRE #01815802 | CB Richard Ellis, Inc.
$1,350,000
Monthly Est:$6,719
9 Beds
8 Baths
6,076sqft
736 Gramercy Dr, Los Angeles, CA 90005
$1,350,000
$6,719/moEst:
Get Pre-Approved
Multi Family
Built in 1955
$-- HOA
6,251 sqft lot
$222/sq.ft
Description
7 units in Prime Koreatown west of Western Ave in a Walker's Paradise (92 Walk Score). A true value-add opportunity with 30% upside (8%+ cap at market), the asset is incredibly well positioned for an investor to steward to new heights with upgrades, unit turnover and potential ADUs. Priced at $192k per unit and a 5.6% cap rate, the offering represents an attractive basis well below replacement cost and competitive cashflow right out of the gate. Most of the upside is concentrated across three longer-tenured units, making the upside capture more manageable. This stretch of Gramercy Dr. is quiet with low density residential and single family homes mixed with mid-sized apartment buildings. Within just a few blocks, residents can enjoy an incredible array of dining, retail and entertainment options including The Wiltern Theatre, Western Plaza and Koreatown Plaza.
- Houzeo last checked: 14 minutes ago
- Listing updated: October 13, 2026 at 7:14 am
- Source: California Regional MLS-CA | MLS#: 26996819
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1955
HOA Fees
-
Finished Area
6,076 sqft
Lot Size
6,251 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26996819
MLS Status
Active
Days on Market
12
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 8
Interior
Heating
Wall Furnace
Cooling
None
Construction
Year Built
Year Built: 1955
Home type
Multi Family
Architectural Style
Mid Century Modern
Utilities & Energy
Parking Features
Carport, Driveway
Security Features
Gated Community
Other Features
Disclosures
Rent Control
Community Features
Gated
Tenant Pays
Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
02/24/2025 Source: | Listed for Sale | $1,800,000 $296/sqft |
02/24/2025 Source: | Off Market | $1,800,000 +35.34% $296/sqft |
05/26/2015 Source: | Sold | $1,330,000 $219/sqft |
Nearby Homes
Find Homes by Property Features in Los Angeles, CA
Based on information from California Regional Multiple Listing Service, Inc. as of Oct 17, 2026, 10:00PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
