941 S Gramercy Place Los Angeles, CA 90019
Koreatown NeighborhoodEstimated payment $21,560/month
Total Views
2,632
10
Beds
10
Baths
7,360
Sq Ft
$448
Price per Sq Ft
Highlights
- Corner Lot
- Laundry Room
- 3-minute walk to Wilton Place Park
- No HOA
- Controlled Entrance
About This Home
Income Investment property for sale in Prime Korea Town area. Thiis building has 12 well maintained multifamily units and are located close to restaurants, shopping centers, markets, and schools Koreatown submarket area. Originally built in 1964, the three-story apartments building with the parking lot on the first level consists of twelve (12) large 0ne-bedroom and one-bathroom units and one parking assigned for each unit. Most units are upgraded with new laminate wood floors. kitchen area. There are 14 parking spaces and a bonus room on the ground floor which can be used for storage, office, etc. For additional reference this investment is situated just South of 8th Street and West of Western Avenue near to Olympic Blvd. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Hollywood, Downtown, Chinatown. In addition of this, the property is conveniently located near the 110, 101, and 10 Freeways. Property to be sold in "As-Is" condition, no termite or work repairs to be done by Sellers. Buyer responsible in verifying all property details. Sellers are very motivated to make a deal, please do not disturbed tenants and subject to interior inspection upon an acceptance offer.
Property to be sold in "As-Is" condition, no work repairs to be done by sellers. Buyer is responsible for verifying all property details.
Listing Agent
GEORGE MICHAEL REALTY Brokerage Phone: 626-476-1501 License #01712344 Listed on: 01/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,870 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 14 Car Garage
- Parking Available
- Assigned Parking
- Controlled Entrance
Interior Spaces
- 7,360 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 65
- Tax Tract Number 1600
- Assessor Parcel Number 5081025007
- $1,325 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- Rent Control
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- 1 Separate Water Meter
Map
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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 |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB25006979
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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
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