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12 Beds
12 Baths
7,360 sqft

$2,695,000

941 S Gramercy Place, Los Angeles CA, 90019

Price per sqft$366.17
Built in1964
Property size7,360 sqft
Property typeResidential
Listed by Jae Young Lee CA DRE# 01270965 with Ivy Realty Co. 213-663-3899

Overview

Active

Listed Sep 8, 2026

Updated 2 weeks ago

941 S Gramercy Pl & 210 S Commonwealth Ave, Los Angeles To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! GRM 12.33! Low Expenses & Separately Metered Gas & Electricity! Seller Motivated! Rare opportunity to acquire two well-maintained apartment buildings in prime Los Angeles. Conveniently located just south of 8th Street and west of Western Avenue near Olympic Boulevard, with easy access to Larchmont Village, Country Club Park, Miracle Mile, Hollywood, and Downtown LA.941 S Gramercy Pl features twelve (12) spacious 1-bedroom, 1-bathroom units with upgraded laminate wood flooring and fourteen (14) on-site parking spaces. Low operating expenses and separate gas and electric meters provide efficient ownership. This property generate $17,906/month ($214,872/year) in gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.

$17,930/mo

Est. mortgage payment based on a $2,695,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26985675

Interior Features

Bedrooms
12
Bathrooms
12
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Jae Young Lee CA DRE# 01270965 with Ivy Realty Co. 213-663-3899

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/17/2026 at 7:05 AM UTC Last Checked: 7:05 AM UTC

 

 

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