Gramercy Park Multifamily Homes & Duplexes for Sale

/39
$1,188,800
- 6 Beds
- 5 Baths
- 2,107 Sq Ft
8779 S Hobart Blvd, Los Angeles, CA 90047

BRAND NEW CONSTRUCTION!! FULLY VACANT * * Live smart * * Live in one unit and rent the other or rent them both. Introducing a stunning, newly built duplex in the heart of South Los Angeles. This modern property features two spacious units, one offering 3 beds and 2 baths, the other one 3 beds 3 baths making it ideal for both homeowners and investors alike. TWO HOMES ON ONE LOT WITH SEPARATE

Barbara Isabel Keller Williams Beverly Hills

8779 S Hobart Blvd, Los Angeles, CA 90047
/31
$859,999
- 8 Beds
- 4 Baths
- 2,560 Sq Ft
1802 W 92nd St, Los Angeles, CA 90047

Now available: Four separate 2 bed, 1 bath units, each with designated rear parking — perfect for investors or owner- looking for good rentals in one of LA’s most in-demand neighborhoods. Located in the heart of Gramercy Park, this well-maintained multifamily property offers good potential with all units currently occupied by timely, cooperative tenants.The seller has recently completed select

Rito Calderón Century 21 Allstars

1802 W 92nd St, Los Angeles, CA 90047
/2
$815,000
- 6 Beds
- 4 Baths
- 2,400 Sq Ft
8940 S Western Ave, Los Angeles, CA 90047

A perfect property for either owner occupied or investment! Modern Duplex built in 2006, featuring a total of 2,400 square feet of living space. One of the units is generating a whopping $3300 rent per month while the other unit is vacant that has a performa rent of $3700. Each unit is thoughtfully designed and features 3 bedrooms and 2 bathrooms, providing ample space for residents. Both

Vibhor Vineet Nanda Realty Inc.

8940 S Western Ave, Los Angeles, CA 90047
/6
$940,000
- 8 Beds
- 8 Baths
- 3,720 Sq Ft
1404 W 89th St Unit 4, Los Angeles, CA 90047

Seize the opportunity to invest in this outstanding rental property situated at 89th and Normandie, in the vibrant core of West Los Angeles. This four-plex features spacious two-bedroom units with one and a quarter baths, each providing 930 square feet of living space, making it an excellent choice for rental income. The property is conveniently located in the city area of Los Angeles.

Charlotte Singleton Serenity Realty

1404 W 89th St Unit 4, Los Angeles, CA 90047
/5
$1,040,000
- 4 Beds
- 3 Baths
- 6,268 Sq Ft
9318 S Western Ave, Los Angeles, CA 90047

PRICE REDUCED////////. Mixed-use property, 4 residential apartments units on the second floor, all apartments are 1 bedroom, 1 bath each, with 1 car garage each. There are also 2 commercials on the first floor, a total of 6. Commercials are rented for $1250 and $ 1300. Property is separate metered for gas and electric. Property is centrally located. Must see to appreciate.

Susana Hernandez Prime Time Realty & Associates

9318 S Western Ave, Los Angeles, CA 90047
/2
$1,299,000
- 1 Bed
- 1 Bath
- 4,644 Sq Ft
9508 S Western Ave, Los Angeles, CA 90047

Great investment property! Close to freeways, shopping, parks, schools, and more. Property being sold with occupants.

Erica Contreras Erica Contreras

9508 S Western Ave, Los Angeles, CA 90047

California Los Angeles Gramercy Park

Why Live in Gramercy Park

Gramercy Park, also known as West Park Terrace, is a densely populated neighborhood in southern Los Angeles. This area is known for its convenient location, with SpaceX and the Lo-Fi Rams stadium just a few blocks away, Los Angeles International Airport 10 miles west, and downtown L.A. 10 miles north. The neighborhood features gridded streets lined with well-manicured lawns and a mix of ranch homes and bungalows showcasing Spanish and mid-century modern architectural styles. Homes typically range from 1,200 to 2,000 square feet and include carports or detached garages. Local dining options include Tacos El Gallazo, Dulan’s Soul Food Kitchen, and M’Dears, while grocery needs are met by Ralph’s and Superior Grocers. Gramercy Park is served by the Los Angeles Unified School District, with schools like La Salle Elementary, Samuel Gompers Middle School, and George Washington Preparatory High offering various programs. The Al Wooten Jr. Youth Center provides after-school programs, tutoring, and free classes in cooking, coding, and athletics. For recreation, residents frequent Jesse Owens Park, which offers a heated indoor pool, athletic fields, courts, a playground, and the 9-hole Maggie Hathaway Golf Course. St Andrews Recreation Center also provides indoor and outdoor courts, a playground, a splashpad, and an outdoor stage for community events. The neighborhood supports a diverse population of over 11,000 residents within its 1.13 square mile radius. Cultural highlights include the Black-owned Residency Art Gallery. Transportation is convenient with access to Interstate 110 and Interstate 105, and several Metro bus stops and light rail stations nearby. Gramercy Park is safer than the national average, making it a practical choice for those seeking a vibrant and accessible community in Los Angeles.

Learn more about living in Gramercy Park

Home Trends in Gramercy Park, CA

On average, homes in Gramercy Park, Los Angeles sell after 76 days on the market compared to the national average of 69 days. The median sale price for homes in Gramercy Park, Los Angeles over the last 12 months is $385,000, up 27% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$385,000

Median Single Family Sale Price

$385,000

Median 2 Bedroom Sale Price

$1,330,000

Median 1 Bedroom Sale Price

$377,000

Median Studio Sale Price

$342,105

Average Price Per Sq Ft

$370

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.30

Median List Price

$390,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

27%

How to Buy a Home How to Finance a Home How to Sell a Home

In Gramercy Park, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $815,000 to $1,299,000, there's something for every budget. As of July, 2025 the median home price in Gramercy Park, Los Angeles is $390,000, while the average sale price is $566,721, providing insight into local market trends. On average, multi-family homes spend 76 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Gramercy Park, Los Angeles.

Gramercy Park Types of Homes for Sale

Gramercy Park Homes for Sale

More About Living in Gramercy Park

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. 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