#24421053, Jae Sung Choi, Listing Office: Ivy Realty Co.
$10,000
closing credit¹
940 S Gramercy Pl Los Angeles, CA 90019
$2,495,000 List price
$10,000
Closing credit¹
10 beds
8 baths
6,412 sqft
0.2 acres
$389 / sqft
House
Property details
About 940 S Gramercy Pl
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.
Highlights
Home typeOther
StatusActive
Size6,412 sqft
Lot size0.1579 Acres
Year built1965
ParkingAssigned
MLS #24448139
Summary
- MLS Number: 24448139
- MLS Name: CRMLS
- Office Name: Real Broker
- Office Phone: (619) 663-8680
- Listing Agent: Max Lee
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,495,000
940 S Gramercy Pl
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 27, 1990 | Home Sold | $610,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,078,671 | $14,083 |
| 2023 | $1,057,522 | $13,830 |
| 2022 | $1,036,787 | $13,226 |
| 2021 | $1,016,459 | $13,035 |
| 2020 | $1,006,038 | $12,677 |
| 2019 | $986,313 | $12,513 |
| 2018 | $966,974 | $12,213 |
| 2017 | $948,015 | $12,213 |
History based on county public records data.
Nearby schools
5
Wilton Place Elementary
Public District KG-5
0.3 mi
•745 S Wilton Pl
4
Hobart Boulevard Elementary School
Public District KG-5
0.5 mi
•980 S Hobart Blvd
8
Wilshire Park Elementary
Public District KG-5
0.5 mi
•4063 Ingraham St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,726. The majority of Los Angeles, CA residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
38%
<35k
39%
35k-100k
14%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
47%
Single, No Kids
12%
Single, with Kids
24%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
25%
18-34 yrs old
41%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Art Museums
Music Concerts
Where do the neighbors shop?
Banana Republic
Bloomingdales
H&M
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Chipotle
What do the neighbors drive?
Toyota
Audi
Volkswagen
What do the neighbors listen to?
Jazz
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 940 S Gramercy Pl
This home is located at 940 S Gramercy Pl in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 6,412 square foot home, which was built in 1965, sits on a 0.16 acre lot. Features: 10 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 2, 2024 and is currently priced at $2,495,000.
In January 2025, from all listings sold in Los Angeles, CA there were more than 294 sold above asking price, over 545 sold below and more than 161 were sold right at the asked price. The number of homes for sale in Los Angeles, CA increased by 20.1% between December and January 2025. In January 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.