932 S Gramercy Place

Property Overview

Rare investment opportunity in the highly desirable western section of Koreatown. Situated on a 7,500 SF R3-zoned lot within a TOC Tier 3 area, this well-maintained five-unit apartment building offers stable rental income with strong long-term upside. Approximately 4,800 SF property features five spacious 2-bedroom, 2-bathroom units, a unit mix that continues to be in high demand among renters. The property is occupied by reliable tenants with a strong payment history, providing consistent cash flow for investors. Located on a quiet residential street just west of the heart of Koreatown, the property enjoys close proximity to Hancock Park, Mid-Wilshire, Larchmont Village, Downtown Los Angeles, restaurants, shopping, Metro stations, and major freeways. This central location continues to attract strong tenant demand and offers long-term investment stability. Whether you're looking for a stable income property, a long-term hold, or a future development opportunity, 932 S. Gramercy Place offers the flexibility and potential that investors seek in one of Los Angeles' strongest rental markets.

Home Details

Property type: Residential Income
Year built: 1966
Living area: 4,800 sq ft
Lot size: 7,502 sq ft
Parking: 7 spaces
Days on market: 8
MLS status: Active
Zoning: LAR3

Features & Amenities

Appliances

Disposal
Refrigerator

Parking

Assigned

Community, Schools & Utilities

Utilities

Heating: ForcedAir

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90019

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 932 S Gramercy Place

Property type: Residential Income

The current asking price is $1,680,000. 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 932 S Gramercy Place. Our team will confirm availability and timing.

This 10 bedrooms and 10 bathrooms property offers approximately 4,800 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 8 days. Status can change, so verify availability before relying on it.