7 units in Prime Koreatown west of Western Ave in a Walker’s Paradise (92 Walk Score). A true value-add opportunity with 30% upside (8%+ cap at market), the asset is incredibly well positioned for an investor to steward to new heights with upgrades, unit turnover and potential ADUs. Priced at $192k per unit and a 5.6% cap rate, the offering represents an attractive basis well below replacement cost and competitive cashflow right out of the gate. Most of the upside is concentrated across three longer-tenured units, making the upside capture more manageable. This stretch of Gramercy Dr. is quiet with low density residential and single family homes mixed with mid-sized apartment buildings. Within just a few blocks, residents can enjoy an incredible array of dining, retail and entertainment options including The Wiltern Theatre, Western Plaza and Koreatown Plaza.
Property Details
Price:
$1,350,000
MLS #:
26996819
Status:
Active
Beds:
9
Baths:
8
Type:
Single Family
Neighborhood:
c18hancockparkwilshire
Listed Date:
Oct 5, 2026
Finished Sq Ft:
6,076
Total Sq Ft:
6,076
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1955
See this Listing
Schools
Interior
Cooling
None
Heating
Wall Furnace
Levels
Multi/Split
Exterior
Architectural Style
Mid Century Modern
Direction Faces
West
Open Parking YN
1
Parking Features
Carport, Driveway
Parking Spots
9
Parking Total
9
Security Features
Gated Community
Stories
2
Financial
Map
Community
- Address736 Gramercy DR Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90005
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 32524
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Canyon Shores
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Elysian Valley
- Glen Terrace
- Gramercy Park
- Hacienda Tularosa
- Highland Park Extension
- Hollywood Dell
- Koreatown, Los Angeles
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Los Angeles Southwest C 34
- Lucile Court
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable – 1007242
- Not Applicable-105
- Ocean Park Villa
- Other – 0011
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Pickford Court
- Savoy
- Silver Strand
- Subdivision Name / Tract: 5609
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Westmont WMON
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 09, 2026
5,103
Single Family Listed
103
Avg DOM
525
Avg $ / SqFt
$2,003,641
Avg List Price
Property Summary
- 736 Gramercy DR Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90005. It is listed for $1,350,000 and features 9 beds, 8 baths, and has approximately 6,076 square feet of living space, and was originally constructed in 1955. The current price per square foot is $222. The average price per square foot for Single Family listings in Los Angeles is $525. The average listing price for Single Family in Los Angeles is $2,003,641.
Similar Listings Nearby
Courtesy of CB Richard Ellis, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.736 Gramercy DR
Los Angeles, CA