USACALos Angeles1825 N Gramercy Pl
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$5,300,000

Sold

2 months ago

1825 N Gramercy Pl, Los Angeles, CA

Condo

MLS® SB26054352

Buyer represented by Hirsch Sherman of Keller Williams Realty Calabasas

0 Bed

0 Bath

--

37 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Approx. Age 1968
MLS® Number SB26054352

Property Address: 1825 N Gramercy Pl, Los Angeles, CA, 90028-5870

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a 36 unit apartment building comprised of 9 studio units and 27 one-bedroom/one-bath units, originally built in 1968 and totaling approximately 29, 085 square feet of living space. The property currently offers an attractive 5.8% cap rate, with approximately 33% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 10.8% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, individually metered gas and electric utilities, and an on-site manager. The building has also benefited from recent capital improvements, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located just minutes from the iconic energy of Hollywood and the natural beauty of Griffith Park, the property places residents at the intersection of historic charm and modern urban living. The surrounding neighborhood blends classic architecture and quiet residential streets with easy access to world-famous entertainment corridors, restaurants, theaters, hiking trails, and cultural landmarks. With strong rental demand, significant rental upside, and a highly desirable central location, this asset presents a compelling opportunity for investors seeking both stable current income and long-term value growth in one of Los Angeles’ most dynamic rental markets.
MLS® NumberSB26054352
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1968
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Apr 10, 2026End Date
$5,050,000Sold Price

Sold

Mar 12, 2026List Date
$5,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1825 N Gramercy Pl, Los Angeles, CA

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