940 S Gramercy PL
Los Angeles, CA, 90019
$2,495,000
10 Beds
8 Baths
6,412 SqFt
0.16 Acres
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SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT’S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.

Property Details

Price:
$2,495,000
MLS #:
25617665
Status:
Active
Beds:
10
Baths:
8
Type:
Single Family
Neighborhood:
c18hancockparkwilshire
Listed Date:
Dec 2, 2025
Finished Sq Ft:
6,412
Total Sq Ft:
6,412
Lot Size:
6,877 sqft / 0.16 acres (approx)
Year Built:
1965
C18 – Hancock Park-wilshireC18hancockparkwilshire

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Schools

Interior

Appliances
RF

Exterior

Parking Spots
13

Financial

Gross Operating Income
$136,122
Net Operating Income
$95,285

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Dec 07, 2025
2,728
Single Family Listed
72
Avg DOM
776
Avg $ / SqFt
$1,526,070
Avg List Price

Property Summary

    940 S Gramercy PL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90019. It is listed for $2,495,000 and features 10 beds, 8 baths, and has approximately 6,412 square feet of living space, and was originally constructed in 1965. The current price per square foot is $389. The average price per square foot for Single Family listings in Los Angeles is $776. The average listing price for Single Family in Los Angeles is $1,526,070.

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