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537 S Gramercy Place, Los Angeles, CA 90020

Los Angeles
Local realty services provided by:CENTURY 21 Jordan-Link
537 S Gramercy Place,Los Angeles, CA 90020
$3,400,000
  • 8 Beds
  • 16 Baths
  • 8,720 sq. ft.
  • Multi-family
  • Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.
MLS#:25630377
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$389.91

About this home

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...

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Home facts

  • Year built:1959
  • Listing ID #:25630377
  • Added:81 day(s) ago
  • Updated:March 28, 2026 at 10:34 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:16
  • Kitchen Description:Refrigerator
  • Living area:8,720 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1959
  • Building area:8,720 sq. ft.
  • Lot area:0.19 Acres
  • Architectural Style:Mid Century Modern
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$389.91

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Carbon Monoxide (CO2) Detector

Parking

  • Total parking spaces:16
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