$3,800,000
-$90,000453 S Gramercy Place, Los Angeles CA 90020
Multi-Family (14 Units)
Property type
148 days
On market
$442
Price per sqft
N/A
Garage
1966
Year built
8,008 sqft
Lot size
Open Houses
Overview
LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for...
Listing provided by: Thomas Yong Kim DRE #01934789 213-222-7574, Apple Tree Realty
Listing updated: Mar 11, 2026 at 08:53pm.
Last checked: Jun 13, 2026 at 01:00pm
Source: CRMLS #26640199
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 0 | 8 | — | $1,649 | $13,192 | $14,360 | Unfurnished |
| 6 | 1 | 6 | — | $1,827 | $10,960 | $12,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 14
Refrigerator: 14
Rent Control: Yes
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
13.0x
List Price / Annual Gross Rent
Cap Rate
5.01%
NOI / List Price
Net Operating Income: $198,070
Interior
Interior Features: Ceiling Fans
Appliances: Oven, Refrigerator
Fireplace: None
Laundry: Common Area
Accessibility: None
Exterior
Stories Total: 0
Levels: Two
Roof: Bitumen
Foundation: Block, Concrete Perimeter, Quake Bracing, Slab
Construction Materials: Stucco
Pool: None
Spa: None
Sewer: Other
Garage and Parking
Parking: Covered, Gated
Parking Total: 13
Lot Information
Land Lease: No
Parcel #: 5504025021
Additional Parcels: Yes
Zoning: LAR4
Community
HOA: No
Senior Community: No