Seller's Agent in 2015
Adam Peterson
CB Richard Ellis, Inc.
(310) 954-7031
2 in this area
20 Total Sales
736 Gramercy Dr Los Angeles, CA 90005
Koreatown Neighborhood
5
Beds
4
Baths
6,076
Sq Ft
6,249
Sq Ft Lot Lot
About This Home
As of May 2015Just Reduced--Huge Upside in this Mid-Wilshire/Koreatown Value-Add Opportunity. 2 of 7 units will be delivered vacant at closing (both 1+1s). All major systems updated or replaced including all copper plumbing, replaced main sewer line, newer water heater and ~5 year-old roof. Ready for an investor to update the unit interiors and realize the area's skyrocketing rents for renovated apartments. Outstanding unit mix of 4 1+1s, 2 2+1s, and a 2+1.5. Located on one of the quietest, most-desirable streets in Mid-Wilshire/Koreatown. Nicely landscaped with mature trees, rear patio currently underutilized and could be a major draw for future tenants. LAR4 zoning allows residential redevelopment of up to 15 units (buyer to verify).
Last Agent to Sell the Property
CB Richard Ellis, Inc. License #01815802 Listed on: 05/28/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 6,249 Sq Ft Lot
- Lot Dimensions are 50x125
Interior Spaces
- 6,076 Sq Ft Home
- 2-Story Property
Kitchen
- Oven or Range
- Freezer
- Disposal
Parking
- 8 Parking Spaces
- Carport
- Tandem Parking
Additional Features
- Open Patio
- Heating System Mounted To A Wall or Window
Community Details
- 7 Units
- Rent Control
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 5092-028-016
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/22/2015 05/22/15 | Sold | $1,330,000 | -11.3% | $219 / Sq Ft |
| 01/12/2015 01/12/15 | Pending | -- | -- | -- |
| 05/28/2014 05/28/14 | For Sale | $1,499,000 | -- | $247 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,953 | $1,598,454 | $1,117,717 | $480,737 |
| 2024 | $19,953 | $1,567,112 | $1,095,801 | $471,311 |
| 2023 | $19,584 | $1,536,385 | $1,074,315 | $462,070 |
| 2022 | $18,706 | $1,506,260 | $1,053,250 | $453,010 |
| 2021 | $18,456 | $1,476,727 | $1,032,599 | $444,128 |
| 2019 | $17,922 | $1,433,678 | $1,001,972 | $431,706 |
| 2018 | $17,795 | $1,405,582 | $982,326 | $423,256 |
| 2016 | $16,949 | $1,350,282 | $944,182 | $406,100 |
| 2015 | $5,707 | $413,923 | $182,189 | $231,734 |
| 2014 | -- | $405,816 | $178,621 | $227,195 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Peterson
-
Roy Yoo
R
Buyer's Agent in 2015
Roy Yoo
RJ Real Estate Investments, Inc
(213) 220-1464
1 in this area
6 Total Sales
Map
Source: The MLS
MLS Number: 14-765263
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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