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940 S Gramercy Pl, Los Angeles, CA, 90019

$2,495,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
8 Baths
6,412 SqFt
$389/SqFt
House

Location

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940 S Gramercy Pl, Los Angeles$2,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned
Year Built1965
MLS #24448139
Lot Size0.16 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 2
  • Living Area: 6,412 SqFt

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (619) 663-8680
  • Listing Agent: Max Lee

Interior Features

Interior Information:

  • Appliances: Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Other

Directions Information:

  • Directions: East of Hancock Park, South of Wilshire Blvd., North of Olympic Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,495,000
  • Price Per SqFt: $389/SqFt

Tax Information:

  • Annual Amount: $13,036
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

940 S Gramercy Pl vs Los Angeles

45 DAYS ON ROCKET

+7 Days

$2,495,000

+$1.4M More

$389/SqFt

-$252 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $252/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24448139

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (619) 663-8680
  • Listing Agent: Max Lee

IDX 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: 11/17/2024, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 27, 1990Home Sold
$610,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,036$1,016,459
2020$12,677$1,006,038
2019$12,513$986,313
2018$12,213$966,974
2017$12,213$948,015

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,547

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-452549
5
/10

  • Wilton Place Elementary

  • 745 S Wilton Pl

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-452550
4
/10

  • Hobart Boulevard Elementary School

  • 980 S Hobart Blvd

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-452551
8
/10

  • Wilshire Park Elementary

  • 4063 Ingraham St

  • 0.50 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,726. Residents of Los Angeles, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 940 S Gramercy Pl

What is the listing price of this property?

The listing price of 940 S Gramercy Pl property is $2,495,000.

What type of property is this?

The property 940 S Gramercy Pl is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Active Listing: 940 S Gramercy Pl is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,036 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 27, 1990 for $610,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 940 S Gramercy Pl has 10 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 940 S Gramercy Pl is 6,412 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 940 S Gramercy Pl is 1965.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›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 02, 2024 and is currently priced at $2,495,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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