John E Burge

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Listing provided courtesy of Apple Tree Realty- MLS# 26640199MLS Provider

453 S Gramercy PlLos Angeles, CA 90020

Multi-Family · 8 Beds · 8,594 Sq. ft. | 0.18 Acres
$3,800,000 Active

453 S Gramercy Pl Overview

Time on Site:
161 days
Visits:
0

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.

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453 S Gramercy Pl Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,594
  • Price/Sq.ft. $442
  • Lot 0.18 Acres

Details

General

Income/Expenses

  • Gross Income: 292148
  • Net Operating Income: 198070.00

Building Information

  • Year Built: 1966

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Hancock Park-Wilshire

Rent/Lease Information

  • Tenant Pays: Electricity, Gas

Tax Information

  • Tax Assessed Value: 4374582

General Information

  • Disclosures: As Is
  • Property Type: Residential Income
  • Rent Control: True
  • Zoning: LAR4

Interior

Beds/Baths

  • Bathrooms Total: 14.00
  • Bedrooms Total: 8

General Information

  • Cooling: Air Conditioning
  • Foundation Details: Block, Slab, Quake Bracing, Pier and Beam, Concrete Perimeter
  • Heating: Wall Gas
  • Levels: Two
  • Living Area: 8594
  • Living Area Source: Vendor Enhanced
  • Spa Features: None
  • Spa: False
  • Stories: 0

Exterior

Parking Information

  • Parking Total: 13

Lot Information

  • Additional Parcels Description: True
  • Lot Features: Fenced, Gated Community
  • Lot Size Acres: 0.1838
  • Lot Size Area: 8008
  • Lot Size Source: Appraiser
  • Number Of Buildings: 1
  • Water Source: Public, Meter on Property

Building Exterior/Construction

  • Construction Materials: Stucco
  • Patio And Porch Features: Balcony
  • Roof: Bitumen

General Information

  • Covered Spaces: 13
  • Number Of Units Total: 14
  • Other Structures: None
  • Pool Features: None
  • Pool Private: False
  • Sewer: In Street

453 S Gramercy Pl Neighborhood

Community

90020 (Los Angeles) Demographics

36
Median Age
34,828
Population Density (per sq. mile)
50%
College Educated
$50,207
Estimated Median Income
1,599
Estimated Total Home Owners
15,465
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

453 S Gramercy Pl Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

453 S Gramercy Pl Market Data

Based on the last 30 days in this zip code

$1,752,810
Average List Price
$955
Average Price per Square Foot
6
Properties Sold
78
Average Days on Market
186
Properties for Sale
Calculations provided by Reliance Network

453 S Gramercy Pl History

Date Event Value Agent
3/11/2026Source: CRMLS Price Reduction
$3,800,000 -2.3%
3/11/2026Source: TheMLS (CLAW) Price Reduction
$3,800,000 -2.3%
2/2/2026Source: CRMLS Price Reduction
$3,890,000 -1.5%
2/2/2026Source: TheMLS (CLAW) Price Reduction
$3,890,000 -1.5%
1/19/2026Source: CRMLS Added to Database
January 19, 2026
1/19/2026Source: TheMLS (CLAW) Added to Database
January 19, 2026
9/26/2024Source: CRMLS Status Change
Closed
9/26/2024Source: TheMLS (CLAW) Status Change
Sold
6/12/2024Source: CRMLS Price Increase
$1,695 5.9%
6/12/2024Source: TheMLS (CLAW) Price Increase
$1,695 5.9%
5/14/2024Source: CRMLS Added to Database
May 14, 2024
5/14/2024Source: TheMLS (CLAW) Added to Database
May 14, 2024
10/10/2022Source: CRMLS Added to Database
October 10, 2022
6/23/2022Source: TheMLS (CLAW) Added to Database
June 23, 2022
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