$1,790,000
-$60,000838 S Gramercy Place, Los Angeles CA 90005
Multi-Family (8 Units)
Property type
93 days
On market
$283
Price per sqft
N/A
Garage
1957
Year built
7,502 sqft
Lot size
Open Houses
Overview
PRICE REDUCED FOR A QUICK SALE! UNBEATABLE LOCATION & MASSIVE UPSIDE! Strategically positioned on the border of Hancock Park and Koreatown, 838 S Gramercy Place represents the ultimate "Location! Location! Location!" investment. This 8-unit multifamily asset is priced to make buyers profitable from day one, offering a rare combination of immediate cash flow and significant...
Listing provided by: Hyun Jin IM DRE #01989280 213-550-6273, Epique Realty, Eric Kim DRE #02132637 213-880-2725, Epique Realty
Listing updated: Jun 2, 2026 at 06:53pm.
Last checked: Jun 2, 2026 at 07:30pm
Source: CRMLS #26659545
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,950 | $1,950 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,940 | $1,940 | $2,200 | Unfurnished |
| 3 | 1 | 1 | — | $1,780 | $1,780 | $2,200 | Unfurnished |
| 4 | 1 | 1 | — | $1,780 | $1,780 | $2,200 | Unfurnished |
| 5 | 2 | 1 | — | $1,950 | $1,950 | $2,400 | Unfurnished |
| 6 | 2 | 1 | — | $2,075 | $2,075 | $2,400 | Unfurnished |
| 7 | 1 | 1 | — | $1,265 | $1,265 | $2,200 | Unfurnished |
| 8 | 2 | 1 | — | $1,683 | $1,683 | $2,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Refrigerator: 8
Financial Snapshot
Gross Rent Multiplier
10.3x
List Price / Annual Gross Rent
Cap Rate
6.03%
NOI / List Price
Net Operating Income: $107,891
Interior
Cooling: None
Heating: Wall Furnace
Appliances: Refrigerator
Laundry: Common Area
Exterior
Property Attached: Yes
Stories Total: 2
Levels: One
Common Walls: One Common Wall
Garage and Parking
Parking: Assigned, Carport
Parking Total: 8
Lot Information
Land Lease: No
Parcel #: 5092025017
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 838 S Gramercy Place, Los Angeles, CA 90005. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,432,000
Total Interest
$1,826,437
Total Payment
$3,258,437
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,066
per month
Property History for 838 S Gramercy Place
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90005.
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