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941 S Gramercy Pl, Los Angeles, CA 90019
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941 S Gramercy Pl Los Angeles, CA 90019

$3,200,000
  • 12 Beds
  • 11 Baths
  • 7,360 Sq.Ft.
For Sale
$3,200,000 Get Pre-Qualified
Map preview of 941 S Gramercy Pl, Los Angeles, CA 90019

Property Overview: 941 S Gramercy Pl Los Angeles, CA has 12 bedrooms, 11 bathrooms, 7,360 living square feet and 6,870 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Income Investment property for sale in Prime Korea Town area. Thiis building has 12 well maintained multifamily units and are located close to restaurants, shopping centers, markets, and schools Koreatown submarket area. Originally built in 1964, the three-story apartments building with the parking lot on the first level consists of twelve (12) large 0ne-bedroom and one-bathroom units and one parking assigned for each unit. Most units are upgraded with new laminate wood floors. kitchen area. There are 14 parking spaces and a bonus room on the ground floor which can be used for storage, office, etc. For additional reference this investment is situated just South of 8th Street and West of Western Avenue near to Olympic Blvd. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Hollywood, Downtown, Chinatown. In addition of this, the property is conveniently located near the 110, 101, and 10 Freeways. Property to be sold in "As-Is" condition, no termite or work repairs to be done by Sellers. Buyer responsible in verifying all property details. Sellers are very motivated to make a deal, please do not disturbed tenants and subject to interior inspection upon an acceptance offer.

Listed by ALFREDO GUERRA | BRE #01712344 | GEORGE MICHAEL REALTY
Last checked: 5 minutes ago | Last updated: May 30th, 2024 | Source CRMLS | DOM: 114
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Home details

Lot Sq. Ft
6,870
HOA Dues
$0/mo
Year built
1964
Garage
14 Car
Property Type:
Mixed Use
Status
Active
MLS#
MB24109041
City
Los Angeles
County
Los Angeles
Time on Site
121 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,217
  • Total Rent: $1,217
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,392
  • Total Rent: $1,392
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,102
  • Total Rent: $1,102
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,013
  • Total Rent: $1,013
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 941 S Gramercy Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Covered, Driveway Level, Garage Door Opener
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 12
  • Parcel Number: 5081025007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Gramercy Place and Western Ave.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 941 S Gramercy Pl

Last sold for $2,470,000 on March 18th, 2016

  • May, 2024

  • May 29, 2024

    Date

    Active

    CRMLS: MB24109041

    $3,200,000

    Price

  • October, 2023

  • Oct 1, 2023

    Date

    Expired

    CRMLS: MB23168681

    $3,300,000

    Price

  • Sep 8, 2023

    Date

    Active

    CRMLS: MB23168681

    $3,200,000

    Price

  • Listing provided courtesy of CRMLS

    Income Investment Property for sale in Prime Korea Town area. This building has 12 well maintained multifamily units and are located close to restaurants, shopping centers, markets schools Koreatown submarket area. The building Originally built in 1964, the three-story with the parking lot on the first level and two-story building consists of twelve (12) large one-bedroom and one-bathroom units and one parking space for each unit. Most units are upgraded with new laminate wood floors. There are 14 parking spaces and a bonus room on the ground floor which can be used for storage, office, etc. For an additional reference this investment property is situated just South of 8th Street and west of Western Avenue near to Olympic Blvd. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways. Property to be sold in "As-Is" condition, no termite or work repairs to be done by sellers. Buyer is responsible for verifying all property details.

  • September, 2023

  • Sep 7, 2023

    Date

    Expired

    CRMLS: MB23145871

    $3,200,000

    Price

  • Aug 6, 2023

    Date

    Active

    CRMLS: MB23145871

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    Income Investment Property for sale in Prime Korea Town area. This building has 12 well maintained multifamily units and are located close to restaurants, shopping centers, markets schools Koreatown submarket area. The building Originally built in 1964, the three-story with the parking lot on the first level and two-story building consists of twelve (12) large one-bedroom and one-bathroom units and one parking space for each unit. Most units are upgraded with new laminate wood floors. There are 14 parking spaces and a bonus room on the ground floor which can be used for storage, office, etc. For an additional reference this investment property is situated just South of 8th Street and west of Western Avenue near to Olympic Blvd. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways. Property to be in "As-Is" condition. Buyer is responsible for verifying all property details.

  • September, 2023

  • Sep 1, 2023

    Date

    Expired

    CRMLS: MB23000202

    $3,300,000

    Price

  • Jan 1, 2023

    Date

    Active

    CRMLS: MB23000202

    $3,300,000

    Price

  • Listing provided courtesy of CRMLS

    Income Property for sale. This 12-unit multifamily property located at 941 S. Gramercy in Koreatown submarket area. Originally built in 1964, the three-story with the parking lot on the first level and two-story building consists of twelve (12) large one-bedroom and one-bathroom units and one parking space for each unit. The 7,360 square foot property offer lot measures 6,868 square feet. Situated just South of 8th Street and four west of Western Avenue and near to Olympic Blvd., the property is in close proximity to many banks, restaurants, cafes, coffee shops, etc. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways.

  • December, 2021

  • Dec 16, 2021

    Date

    Active

    CRMLS: MB21265072

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    Income Property for sale. This 12-unit multifamily property located at 941 S. Gramercy in Koreatown submarket area. Originally built in 1964, the three-story with the parking lot on the first level and two-story building consists of twelve (12) large one-bedroom and one-bathroom units and one parking space for each unit. The 7,360 square foot property offer lot measures 6,868 square feet. Situated just South of 8th Street and four west of Western Avenue and near to Olympic Blvd., the property is in close proximity to many banks, restaurants, cafes, coffee shops, etc. This location provides tenants easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways.

  • March, 2016

  • Mar 18, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,470,000

    Price

Show More

Tax History for 941 S Gramercy Pl

Assessed Value (2020): $2,674,706
Year Land Value Improved Value Assessed Value
2020 $1,840,134 $834,572 $2,674,706

Home Value Compared to the Market

This property vs the competition

941 S Gramercy Pl is listed 166.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $434.78 per/sqft which puts the price per square foot 43.61% lower than the median price per square foot for the city of Los Angeles.

About 941 S Gramercy Pl

Detailed summary of property

941 S Gramercy Pl is a mixed use located in Los Angeles, CA 90019 and is currently for sale. This mixed use property offers 12 bedrooms, 11 bathrooms, roughly 7,360 living square feet, and sits on an approximately 6,870 square foot lot. 941 S Gramercy Pl was first listed on ArdentRealEstateGroup.com on May 30, 2024. The homeowner is currently asking $3,200,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 166.67% higher than the median priced home. Local competing homes currently for sale include 820 Lime Ave, 736-744 Olive Ave and 1049 E 5th St. While the average home in Los Angeles, CA is selling in 106 days, 941 S Gramercy Pl has a days on market of 114 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 941 S Gramercy Pl Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 941 S Gramercy Pl

Public county record property details
Beds
12
Baths
12
Year built
1964
Sq. Ft.
7,360
Lot Size
6,867
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
65
APN
5081-025-007

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,999
Median List Price/Sq.Ft.
$702
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
94
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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