537 Gramercy, Los Angeles CA 90020 | $3,400,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 8409 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1959
  • MLS#: 25630377
  • Community: C18 - Hancock Park-Wilshire

Listing provided courtesy of William James of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-02-18 09:11:20.000000. Listing information © 2025 SANDICOR.

537 S. Gramercy Place is a well-located 16-unit multifamily investment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and high-demand rental submarkets. The property is ideally situated just two blocks from Wilshire Boulevard, offering tenants walkable access to neighborhood retail, dining, and daily amenities. The Wilshire/Western Metro station is located just three blocks away, providing convenient connectivity to Downtown Los Angeles, Hollywood, and the Westside. Constructed in 1959, the wood-frame stucco property spans approximately 8,720 square feet on an 8,406-square-foot lot with an efficient average unit size of 545 square feet. Building amenities include 16 on-site parking spaces, secured intercom entry, on-site laundry, and a completed soft-story seismic retrofit. Utilities are separately metered for gas and electricity, supporting operational efficiency. From an investment perspective, the property offers approximately 27% upside in rents, presenting a compelling value-add opportunity. Offered at attractive in-place pricing with favorable financing options, 537 S. Gramercy Place is positioned within a proven high-occupancy market with strong and consistent rental demand.

More Details

0.19 Acres
2 Stories

David Piper

Call or Text: 858-525-5007

DRE# 02021985