The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property’s strong rental appeal. Recent upgrades include – soft story retrofit, partial copper plumbing, main water heater, main electric panel, and other repairs/upgrades throughout the units. 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.
Property Details
Price:
$1,799,000
MLS #:
WS25040048
Status:
Active
Baths:
0
Address:
736 Gramercy Drive
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Feb 24, 2025
State:
CA
ZIP:
90005
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1955
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Near Public Transit
Parking Features
Attached Carport, Tandem Uncovered
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas, Trash Collection
Map
Community
- Address736 Gramercy Drive Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90005
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736 Gramercy Drive
Los Angeles, CA
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