736 Gramercy Drive, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

736 Gramercy Drive

Los Angeles, CA 90005
9 Beds
8 Baths
6,076 Sq Ft
Built 1955
$1,350,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1955
Living area
6,076 sq ft
Lot size
6,251 sq ft
Parking
9 spaces
Stories
2
Days on market
0
MLS status
Active
Architectural style
MidCenturyModern
Zoning
LAR4

Features & Amenities

Parking

  • Carport
  • Driveway

Security

  • Gated Community

Community, Schools & Utilities

Utilities

Heating
WallFurnace
Cooling
None
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Location & Neighborhood

736 Gramercy Drive

Los Angeles, CA 90005

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Frequently Asked Questions About 736 Gramercy Drive

Property type: Residential Income

The current asking price is $1,350,000. 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 736 Gramercy Drive. Our team will confirm availability and timing.
This 9 bedrooms and 8 bathrooms property offers approximately 6,076 square feet of living space. It was built in 1955. 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 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Adam Peterson
MLS ID: CLW-X86252

Available property

$1,350,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.