736 Gramercy Dr., Los Angeles, CA 90005 - WS25040048 - iPro Real Estate

736 Gramercy Dr.
Los Angeles, CA 90005

Active, Multi-Family/Income Sale

New Listing
For Sale

$1,800,000 $287.95 per sqft

Free Professional CMA

Listing ID : WS25040048

  • Lot Size

    6,251 Sqft
  • Year

    1955

Description

The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. With four units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Hancock-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential.

Details

Type: Multi-Family/Income Sale 
Subdivision: C18 - Hancock Park-wilshire 
MLS Area: C18 - Hancock Park-Wilshire 
County: Los Angeles 
Tax ID: 5092028016
Cap Rate: 4.70% 
Days on Market: 5 
AltCal ID: CRWS25040048 
Laundry: Gas Hookup, 30 
Number of Buildings: 1 
Number of Units: 7 
Parking Spaces: 8 
Property Type: Commercial Sale 
Water: District - Public 

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Interactive

34.059086 -118.312218 $1,800,000 WS25040048
736 Gramercy Dr., Los Angeles, CA 90005
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Listed by SUNNY LEE with Sunshine International Inv., Inc.

Based on information from the MLSListings MLS) as of 2/28/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 2/28/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2025 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes