# 940 S Gramercy Pl, Los Angeles, CA 90019

> **TL;DR:** 10bd/8ba residential multi family, $2,495,000 ($389/sqft), built 1965, 6,412 sqft.
> A/C. Est. $10,812/mo. Listed 15 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,495,000 |
| Price/sqft | $389 |
| Bedrooms | 10 |
| Bathrooms | 8 full |
| Square Feet | 6,412 |
| Year Built | 1965 |
| Lot Size | 6,878 sqft (0.16 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 15 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $10,812 |
| **Total** | **$10,812** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1965
- 0.16 acre lot
- 13 parking spaces

## Description

### Agent Description
SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT'S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within few minutes to Larchmont Village, Restaurants, and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIET STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.

## Location

- **Address:** 940 S Gramercy Pl, Los Angeles, CA 90019
- **County:** Los Angeles
- **Coordinates:** 34.054291, -118.312896
- **Google Maps:** https://www.google.com/maps?q=34.054291,-118.312896

## Listing Agent

- **Name:** Max Lee
- **Brokerage:** Real Broker
- **Phone:** 2134342433
- **Email:** Hellomaxlee@gmail.com

## Primary Photo

![940 S Gramercy Pl - Primary Photo](http://lh.rdcpix.com/a3b5fbd35e3f60e21002b8d9ef632c10l-f809381400r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.com/listing/940-s-gramercy-pl-los-angeles-ca-90019-26669975)*

---

**MLS#:** 26669975 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/940-s-gramercy-pl-los-angeles-ca-90019-26669975)

---

## Structured Data

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  "name": "940 S Gramercy Pl, Los Angeles, CA 90019",
  "description": "SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** A DIAMOND IN THE ROUGH~~~ THIS CAN BE A CASH COW FOR THOSE WHO CAN IMAGINE. Possibly more units can be delivered VACANT AT CLOSE OF ESCROW. HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT'S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture sit",
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