About 941 S Gramercy Place
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.
Features of 941 S Gramercy Place
| MLS® # | 26985675 |
|---|---|
| Price | $2,695,000 |
| Bathrooms | 0.00 |
| Square Footage | 7,360 |
| Acres | 0.16 |
| Year Built | 1964 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 941 S Gramercy Place |
|---|---|
| Area | C18 - Hancock Park-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90019 |
Amenities
| Parking Spaces | 14 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Stories | Three Or More |
Additional Information
| Date Listed | September 8th, 2026 |
|---|---|
| Days on Market | 3 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jae Young Lee |
|---|---|
| Office | Ivy Realty Co. |