Skip To Content

736 Gramercy Drive

Los Angeles (City), CA 90005
  • $1,800,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: WS25040048
$1,800,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Sunny Lee of Sunshine International Inv., Inc. (626-297-9191)


Description

The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. With four units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Hancock-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T00:26:55.377. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160905293
Print Image

736 Gramercy Drive Los Angeles (City), CA 90005

  • Price: $1,800,000
  • Status: Active
  • On Site: 16 Days
  • ID#: WS25040048
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1955
Built
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
Property Description
The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. With four units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Hancock-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential.
Exterior Features

Carport Spaces 4 Carport YN Yes Entry Level 1 Entry Location Front Lot Features Near Public Transit Number Of Separate Electric Meters 7 Open Parking Spaces 4 Parking Features Attached CarportTandemUncovered Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.7 Common Interest None Community Features Sidewalks Garage YN No Gross Income 129382 Gross Scheduled Income 128507 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 84620 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 43887 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T00:26:55.377. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373986315-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373986315-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373986315-2.jpg
Logo
Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Sunny Lee of Sunshine International Inv., Inc. (626-297-9191)