310-890-6928

Email Me

838 S Gramercy Place, Los Angeles, CA 90005

$1,790,000 Approx. USD 11 beds, 8 baths
6,324 sqft

Save My Notes

MORE INFO

Brochure

Photo of Jesse Hlubik

Marketed By Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Jesse.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Hyun Jin IM | ImRealtor2007@gmail.com
Lic#: 01989280
Broker: Courtesy of Seeders Real Estate
Phone: 213-550-6273

Co Listing Agent

Eric Kim | erickim4476@gmail.com
Lic#: 02132637
Broker: Courtesy of Seeders Real Estate
Phone: 213-880-2725

Agent Remarks

UNBEATABLE LOCATION & MASSIVE UPSIDE! Strategically positioned on the border of Hancock Park and Koreatown, 838 S Gramercy Place represents the ultimate "Location! Location! Location!" investment. This 8-unit multifamily asset is priced to make buyers profitable from day one, offering a rare combination of immediate cash flow and significant equity growth potential. Currently operating at a strong 6.33% CAP (w/ No Vacancy) and 10.34 GRM, this property features an incredible path to 9.03% CAP (w/ No Vacancy) and 8.20 GRM based on market rents. The unit mix consists of THREE spacious 2-bedroom/1-bath units and FIVE 1-bedroom/1-bath units, providing maximum rental flexibility in a high-demand submarket. Key Highlights for Savvy Investors: 1. Aggressive Pricing: Priced to move quickly in today's market. 2. Prime Accessibility: Steps away from world-class dining, shopping, major banks, and Metro stations. 3. Low Owner Expenses: Separately metered gas and electricity plus 8 assigned parking spaces. 4. Turn-Key Readiness: Completed seismic retrofit in 2022 and SB721(Safety of the Balcony) inspection and clearance completed in March 2026 - no deferred maintenance headaches. Whether you are looking for a stable long-term hold or a high-yield value-add play, this is the best-priced 8-unit building in the area. Act now -opportunities at this price point and location do not last! The Seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer's cooperation at no cost to buyer. ALL OFFERS ARE WELCOME!

Listing Details

Trust & Probate

Property type: (Multi-Family)

Status: Active Under Contract

MLS# 26878631

Price: $1,790,000

Beds: 11

Baths: 8

Built in 1957

6,324 sqft

1 story

0.17 acres

Lot size: 0.1722

County: Los Angeles

Zoning: LAR3

Appliances: Refrigerator

Parking description: Assigned,Carport

Heating/cooling: None

Heating description: Wall Furnace

MLS area: C18 - Hancock Park-Wilshire

Last Updated: 10/9/2026

Days On Market (DOM): 44

Find more Los Angeles homes and real estate

Find more homes in 90005 zip code

This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.056871, -118.312905.
Find nearby listings

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90005 Area Map

Demographics

Schools

CLICK TO VIEW MAP

Points of Interest

Similar Listings

Next Listing

932 S Gramercy Place ,

$1,680,000 Approx. USD 10 beds, 10 baths

List Date: 7/28/2026
Status: Active
MLS #: 26865385

My Notes Save

1053 S Oxford Avenue ,

$1,750,000 Approx. USD 8 beds, 5 baths

List Date: 9/17/2026
Status: Active
MLS #: 26988919

My Notes Save

1132 S Oxford Avenue ,

$1,600,000 Approx. USD 8 beds, 6 baths

List Date: 5/15/2026
Status: Active
MLS #: 26834697

My Notes Save

1059 S Harvard Boulevard ,

$1,550,000 Approx. USD 10 beds, 8 baths

List Date: 9/17/2026
Status: Active
MLS #: 26989645

My Notes Save

731 Irolo Street ,

$1,595,000 Approx. USD 10 beds, 10 baths

List Date: 5/6/2026
Status: Active
MLS #: 26830619

My Notes Save

1308 S Van Ness Avenue ,

$1,550,000 Approx. USD

List Date: 7/21/2021
Status: Pending
MLS #: PW21160348

My Notes Save

1415 S St Andrews Place ,

$1,825,000 Approx. USD 12 beds, 8 baths

List Date: 5/13/2026
Status: Pending
MLS #: 26833875

My Notes Save

1180 S Bronson Avenue ,

$1,999,000 Approx. USD 6 beds, 6 baths

List Date: 8/20/2026
Status: Active
MLS #: 26874911

My Notes Save

916 S Normandie Avenue ,

$1,600,000 Approx. USD 8 beds, 13 baths

List Date: 9/1/2026
Status: Active
MLS #: 26934849

My Notes Save

926 S Normandie Avenue ,

$2,000,000 Approx. USD 9 beds, 6 baths

List Date: 7/30/2026
Status: Active
MLS #: 26866219

My Notes Save

Previous Listing

Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423