932 S Gramercy Place, Los Angeles, CA 90019 (MLS # 26865385)
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Rare investment opportunity in the highly desirable western section of Koreatown. Situated on a 7,500 SF R3-zoned lot within a TOC Tier 3 area, this well-maintained five-unit apartment building offers stable rental income with strong long-term upside. Approximately 4,800 SF property features five spacious 2-bedroom, 2-bathroom units, a unit mix that continues to be in high demand among renters. The property is occupied by reliable tenants with a strong payment history, providing consistent cash flow for investors. Located on a quiet residential street just west of the heart of Koreatown, the property enjoys close proximity to Hancock Park, Mid-Wilshire, Larchmont Village, Downtown Los Angeles, restaurants, shopping, Metro stations, and major freeways. This central location continues to attract strong tenant demand and offers long-term investment stability. Whether you're looking for a stable income property, a long-term hold, or a future development opportunity, 932 S. Gramercy Place offers the flexibility and potential that investors seek in one of Los Angeles' strongest rental markets.
| DAYS ON MARKET | 5 | LAST UPDATED | 7/28/2026 |
|---|---|---|---|
| YEAR BUILT | 1966 | COMMUNITY | C18 - Hancock Park-Wilshire |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Disposal, Refrigerator |
|---|---|
| AREA | C18 - Hancock Park-Wilshire |
| HEAT | Forced Air |
| LOT | 7501 sq ft |
| LOT DIMENSIONS | 7502 |
| PARKING | Assigned |
| STORIES | Two, Multi/Split |
TOTAL MONTHLY PAYMENT
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