CA > Los Angeles
Los Angeles, CA 90020,537 S Gramercy PL
Los Angeles, CA 90020,537 S Gramercy PL
Los Angeles, CA 90020,537 S Gramercy PL
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$3,400,000
Est. payment /mo
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8 Beds
16 Baths
8,720 SqFt
New

537 S Gramercy PL Los Angeles, CA 90020

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Anook Commandeur

Anook Commandeur

+1(760) 880-6888

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,720 sqft

Price per Sqft $389

MLS Listing ID 25630377

Bedrooms 8

HOA Y/N No

Year Built 1959

Lot Size 8,407 Sqft

Property Description

537 S. Gramercy Place is a well-located 16-unit multifamily investment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and high-demand rental submarkets. The property is ideally situated just two blocks from Wilshire Boulevard, offering tenants walkable access to neighborhood retail, dining, and daily amenities. The Wilshire/Western Metro station is located just three blocks away, providing convenient connectivity to Downtown Los Angeles, Hollywood, and the Westside. Constructed in 1959, the wood-frame stucco property spans approximately 8,720 square feet on an 8,406-square-foot lot with an efficient average unit size of 545 square feet. Building amenities include 16 on-site parking spaces, secured intercom entry, on-site laundry, and a completed soft-story seismic retrofit. Utilities are separately metered for gas and electricity, supporting operational efficiency. From an investment perspective, the property offers approximately 27% upside in rents, presenting a compelling value-add opportunity. Offered at attractive in-place pricing with favorable financing options, 537 S. Gramercy Place is positioned within a proven high-occupancy market with strong and consistent rental demand.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features None

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Total Parking Spaces 16

Private Pool No

Building

Faces East

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5504026004

Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Key Card Entry,Resident Manager,Smoke Detector(s)

Special Listing Condition Standard

CRMLS – RECore
Listed by William James Lyon Stahl Investment Real Estate, Inc.

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Anook Commandeur

Anook Commandeur

Agent | License ID: 02023329

+1(760) 880-6888

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