
941 S Gramercy Place Los Angeles, CA 90019
Koreatown NeighborhoodEstimated payment $19,346/month
Highlights
- No HOA
- Central Heating
- 3-minute walk to Wilton Place Park
- Laundry Room
About This Home
941 S GRAMERCY PL is a beautiful 12 unit residential income property located in Koreatown neighborhood of Los Angeles.The property features 12 spacious and beautiful 1 Bedroom 1 Bathroom units with 12 assigned parking.Centrally located and close to all amenities of the town this property has always been in high demand rental market. Current monthly gross rental income of $17,600 and $211,200 annually, provide a huge opportunity for rent increase and more profit for the new owner. 2 of the units ( 1 Bedroom, 1 Bathroom) may be delivered vacant.More information and details are available upon request.
Listing Agent
Luxury Homes International Brokerage Email: glendalebroker@gmail.com License #01769888 Listed on: 06/16/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,870 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 12 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 7,360 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Utilities
- Central Heating
Listing and Financial Details
- Tax Lot 65
- Tax Tract Number 1600
- Assessor Parcel Number 5081025007
- $1,325 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- 13 Separate Water Meters
- Electric Expense $1,000
- Insurance Expense $8,000
- Professional Management Expense $5,000
- Trash Expense $5,000
- Water Sewer Expense $1,120
- Operating Expense $21,120
- Gross Income $211,200
- Net Operating Income $190,080
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/16/2025 06/16/25 | For Sale | $2,999,999 | -9.1% | $408 / Sq Ft |
01/10/2025 01/10/25 | For Sale | $3,300,000 | +33.6% | $448 / Sq Ft |
03/18/2016 03/18/16 | Sold | $2,470,000 | -2.2% | $336 / Sq Ft |
03/02/2016 03/02/16 | Pending | -- | -- | -- |
02/19/2016 02/19/16 | For Sale | $2,525,000 | -- | $343 / Sq Ft |
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