Multi-Family for sale in Southern California — $3,800,000. 8 beds · 14 baths · 8,594 sqft. 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 entertainmen…
$3,800,000
453 S Gramercy Place, Los Angeles, CA 90020
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 investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024.
Listing updated: March 11, 2026 at 1:53 PM
Listed by: Thomas Yong Kim, Apple Tree Realty
Source: CRMLS, MLS#: 26640199, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
3/11/2026 Source: CRMLS, #26640199 | Price change | $3,800,000$442/sqft-2.3% |
| 1/16/2026Source: CRMLS, #26640199 | Listed for sale | $3,890,000$453/sqft |
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