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$10,545,000

1848 N Gramercy Place

Los Angeles, CA 90028

Active

1929

Year Built

Los Angeles

County

CommercialSale

Property Type

About this home

1848 N Gramercy Pl is a 48-unit Beaux-Arts style apartment building located in the desirable Los Feliz neighborhood of Los Angeles. Built in 1929, the property offers a mix of studios and one-bedroom units with an average size of approximately 500 square feet. Amenities include on-site management, elevator, controlled access, security surveillance, a landscaped courtyard, and laundry facilities.The property presents a value-add opportunity, with potential to enhance unit interiors from legacy tenants and common areas to further increase rental income. Located in one of the few submarkets inLos Angeles where leasing activity remains strong and rents have stayed stable, 1848 N Gramercy Pl benefits from consistent tenant demand and long-term growth potential.Conveniently positioned near the Hollywood Freeway, the property offers easy access to numerousHollywood landmarks, exceptional restaurants, and vibrant nightlife.

Listed by Brett Daniels · DRE #01230746 · Atlas Real Estate Corporation

MLS #1144737621

ListedOct 20, 2025

Property Details

Architecture

Stories5

StyleN/A

Total Units48

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.32 ac

Lot FeaturesBack Yard, Front Yard, Garden

ViewN/A

DirectionsLocated on N Gramercy Place, this building has an open-gated entrance with a beautiful red column design on the front facade of the building.

Community

AreaC20 - Hollywood

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$56,125/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 10:00 PM

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