The well-maintained building and units at 736 Gramercy ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. Recent upgrades include - soft story retrofit, partial copper plumbing, main water heater, main electric panel, and other repairs/upgrades throughout the units. With four units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Hancock-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential.
|
DAYS ON MARKET
|
39
|
LAST UPDATED
|
3/31/2025
|
|
YEAR BUILT
|
1955
|
COMMUNITY
|
Hancock Park-Wilshire
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 31, '25
|
$1,800,000
|
| Mar 31, '25 - Today |
$1,799,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Hancock Park-Wilshire |
| GARAGE |
Attached Carport, Tandem, Uncovered |
| HEAT |
Wall Furnace |
| LOT |
6251 sq ft |
| LOT DESCRIPTION |
Near Public Transit |
| PARKING |
Attached Carport,Tandem,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LAR4 |
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Listed with Sunshine International Inv., Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/3/25 4:52 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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