736 S Gramercy Dr - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$1,800,000 USD
626-617-6861
736 S Gramercy Dr, Los Angeles, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/89
null | 4.7% Cap Rate

736 S Gramercy Dr
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Located on one of the quietest, most-desirable streets in Mid-Wilshire/Koreatown. Walkability score - 91. Near public transit, grocery, stores, etc
  • Strong value add opportunity, 4 units well under market rate on month to month contracts.
  • Well maintained building with recent major upgrades

OVERVIEW

The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. With four units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Hancock-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,143

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

LAR4

APN/PARCEL ID

5092-028-016

ASK ABOUT THIS PROPERTY

Alan ChangCapital Financial & InvestmentMore Info
626-617-6861

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Alan ChangCapital Financial & InvestmentMore Info
626-617-6861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.