736 Gramercy Dr, Los Angeles, CA 90005
736 Gramercy Dr, Los Angeles, CA 90005
736 Gramercy Dr, Los Angeles, CA 90005
736 Gramercy Dr, Los Angeles, CA 90005
736 Gramercy Dr, Los Angeles, CA 90005
736 Gramercy Dr, Los Angeles, CA 90005
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Shantrece Thomas

Shantrece Thomas

+1(904) 760-6560
$ 1,350,000
Est. payment | /mo

9 Beds

8 Baths

6,076 SqFt

Save
$ 1,350,000
Est. payment | /mo
Save

9 Beds

8 Baths

6,076 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,076 sqft

Price per Sqft $222

MLS Listing ID 26996819

Style Mid-Century

Bedrooms 9

Year Built 1955

Lot Size 6,251 Sqft

Acres 0.1435

Property Sub-Type Multi-Family

Property Description

7 units in Prime Koreatown west of Western Ave in a Walker's Paradise (92 Walk Score). A true value-add opportunity with 30% upside (8%+ cap at market), the asset is incredibly well positioned for an investor to steward to new heights with upgrades, unit turnover and potential ADUs. Priced at $192k per unit and a 5.6% cap rate, the offering represents an attractive basis well below replacement cost and competitive cashflow right out of the gate. Most of the upside is concentrated across three longer-tenured units, making the upside capture more manageable. This stretch of Gramercy Dr. is quiet with low density residential and single family homes mixed with mid-sized apartment buildings. Within just a few blocks, residents can enjoy an incredible array of dining, retail and entertainment options including The Wiltern Theatre, Western Plaza and Koreatown Plaza.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Cable, Range/Oven

Exterior

Parking Features Carport, Driveway

Garage Spaces 9.0

Building

Story 2

Architectural Style Mid-Century

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB Richard Ellis, Inc.

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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736 Gramercy Dr