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Listed by: Hyun Jin IM (213) 550-6273 DRE #01989280, Eric Kim DRE #02132637 | Seeders Real Estate (661) 675-6000
$1,790,000
11 Beds
8 Baths
6,324sqft
838 S Gramercy Pl, Los Angeles, CA 90005
$1,790,000
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Multi Family
Built in 1957
$-- HOA
7,502 sqft lot
$283/sq.ft
Description
UNBEATABLE LOCATION & MASSIVE UPSIDE! Strategically positioned on the border of Hancock Park and Koreatown, 838 S Gramercy Place represents the ultimate "Location! Location! Location!" investment. This 8-unit multifamily asset is priced to make buyers profitable from day one, offering a rare combination of immediate cash flow and significant equity growth potential. Currently operating at a strong 6.33% CAP (w/ No Vacancy) and 10.34 GRM, this property features an incredible path to 9.03% CAP (w/ No Vacancy) and 8.20 GRM based on market rents. The unit mix consists of THREE spacious 2-bedroom/1-bath units and FIVE 1-bedroom/1-bath units, providing maximum rental flexibilit...
Continue Reading- Houzeo last checked: 36 minutes ago
- Listing updated: August 26, 2026 at 1:08 am
- Source: California Regional MLS-CA | MLS#: 26878631
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
6,324 sqft
Lot Size
7,502 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26878631
MLS Status
Active
Days on Market
3
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