453 S Gramercy Place

Property Overview

LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.

Home Details

Property type: Residential Income
Year built: 1966
Living area: 8,594 sq ft
Lot size: 8,008 sq ft
Parking: 13 spaces
Days on market: 54
MLS status: Active
Zoning: LAR4

Features & Amenities

Interior

Ceiling Fans

Appliances

Oven
Refrigerator

Parking

Covered
Gated

Pool

None

Community, Schools & Utilities

Utilities

Sewer: Other

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Location & Neighborhood

Los Angeles, CA 90020

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Frequently Asked Questions About 453 S Gramercy Place

Property type: Residential Income

The current asking price is $3,800,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 453 S Gramercy Place. Our team will confirm availability and timing.

This 8 bedrooms and 14 bathrooms property offers approximately 8,594 square feet of living space. It was built in 1966. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 54 days. Status can change, so verify availability before relying on it.