$3,300,000
$850K PRICE DROP

914 S Gramercy Dr Los Angeles, CA 90019

Koreatown Neighborhood

Estimated payment $21,142/month

Total Views 1,165
16 Beds
16 Baths
10,050 Sq Ft
$328 Price per Sq Ft

About This Home

8 units + 8 units. Total 16 units with two different APN and two buildings are adjacent to each other in over 15,000 SF of lot. Both 8 units are sold together. ALL units are one bedrooms meaning it's very easy to lease when there is vacancy. All units are fully occupied. One parking designated to each units. Community laundry available run by 3rd party company. Much has been upgraded and repaired since new owner took over about 3 years ago. Easy to maintain. Lots of potential on rent increase!!! Drive by only!!!

Listing Agent

Tom-Chang Kim

Max Mega Group License #01351524 Listed on: 07/02/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 15,004 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 10,050 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 17 Parking Spaces
  • Automatic Gate
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5092-023-008

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • Low-Rise Condominium

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Low Rise
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 10050
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 16.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 328.36

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 17

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Automatic Gate, Gated
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5092-023-008
  • Lot Size Area: 15004

Rental Info

  • Total Actual Rent: 253104.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.12
  • Number Of Units: 16
  • Rent Control: 100
  • Total Annual Expense: 66000
  • Type Of Units: 16
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $3,300,000 -10.8% $328 / Sq Ft
07/17/2025 07/17/25 Price Changed $3,699,900 -5.1% $368 / Sq Ft
07/02/2025 07/02/25 Price Changed $3,899,900 0.0% $388 / Sq Ft
07/02/2025 07/02/25 For Sale $3,899,900 -2.5% $388 / Sq Ft
06/30/2025 06/30/25 Off Market $3,999,900 -- --
04/21/2025 04/21/25 Price Changed $3,999,900 -2.2% $398 / Sq Ft
03/31/2025 03/31/25 Price Changed $4,090,000 -0.2% $407 / Sq Ft
03/18/2025 03/18/25 Price Changed $4,100,000 -0.2% $408 / Sq Ft
02/10/2025 02/10/25 Price Changed $4,110,000 -0.2% $409 / Sq Ft
01/14/2025 01/14/25 Price Changed $4,120,000 0.0% $410 / Sq Ft
01/14/2025 01/14/25 For Sale $4,120,000 -0.7% $410 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $4,150,000 -- $413 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 24-450779

The MLS
California Los Angeles County Los Angeles 90019 Koreatown

914 S Gramercy Dr, Los Angeles, CA

This home is located at 914 S Gramercy Dr, Los Angeles, CA 90019 and is currently priced at $3,300,000, approximately $328 per square foot. This property was built in 1953. 914 S Gramercy Dr is a home located in Los Angeles County with nearby schools including Wilton Place Elementary School, John Burroughs Middle School, and Los Angeles Senior High School.

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The MLS © 2025 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Tom-Chang Kim
Listing Agent
Tom-Chang Kim
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Max Mega Group
(213) 249-8949