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1740 N Gramercy Place, Los Angeles, CA 90028

Los Angeles
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
1740 N Gramercy Place,Los Angeles, CA 90028
$2,900,000
  • 7 Beds
  • 18 Baths
  • 10,798 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26997775
Source:CRMLS

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$268.57

About this home

We are pleased to present 1740 N Gramercy Pl, a 17-unit multifamily investment in the heart of Hollywood, offered at $2,900,000 ($170,588 per unit and $268.57 per gross SF). The offering generates a current CAP rate of 4.58% and a current GRM of 10.11 on in-place income, improving to a 7.09% market CAP rate and 7.89 market GRM as the remaining below-market tenancies roll to market levels. The property comprises twelve studio units, four one-bedroom/one-bath units, and a detached three-bedroom/two-bath rear house, totaling approximately 10,798 gross square feet on a 10,002 SF R3-zoned lot. The investment carries approximately 28% rental upside to market, with current scheduled gross income of $286,832 growing to a market potential of $367,440. Market rents are underwritten at $1,585 per month for studios and $1,900 per month for one-bedrooms. The detached rear house, currently occupied at a deeply below-market rate, represents the single largest driver of upside in the building and...

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Home facts

  • Year built:1924
  • Listing ID #:26997775
  • Added:18 day(s) ago
  • Updated:October 25, 2026 at 10:31 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:18
  • Living area:10,798 sq. ft.

Structure and exterior

  • Year built:1924
  • Building area:10,798 sq. ft.
  • Lot area:0.23 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$268.57
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