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… Read More 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. Read Less
Property listed by Seeders Real Estate, Mia Shin 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Beds
10
3/4 Baths
10
Square Ft.
4,800
Lot Size
0.17 Acres
Year Built
1966
MLS Number
26865385
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1966, Living area: 4800.0, 1 building, Levels: Two, MultiSplit, Entry level: 1
Heating
ForcedAir
Income
Gross Income: $1,200, Net Operating Income: $80,648
Lot
0.1722 acres
Parking
7 total parking spaces, Assigned
Taxes
Parcel Number: 5092023023, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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