941 S Gramercy Pl, Los Angeles, CA, 90019
About This Home
941 S Gramercy Pl & 210 S Commonwealth Ave, Los Angeles To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! GRM 12.33! Low Expenses & Separately Metered Gas & Electricity! Seller Motivated! Rare opportunity to acquire two well-maintained apartment buildings in prime Los Angeles. Conveniently located just south of 8th Street and west of Western Avenue near Olympic Boulevard, with easy access to Larchmont Village, Country Club Park, Miracle Mile, Hollywood, and Downtown LA.941 S Gramercy Pl features twelve (12) spacious 1-bedroom, 1-bathroom units with upgraded laminate wood flooring and fourteen (14) on-site parking spaces. Low operating expenses and separate gas and electric meters provide efficient ownership. This property generate $17,906/month ($214,872/year) in gross rental income, offering stable cash flow with strong upside potential. Ideal investment for long-term appreciation in a high-demand rental market.
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1964
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 12
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 7,360
- Total interior livable area: 7,360 sqft
Property
Details
- Parcel number: 5081025007
- Zoning: LAR3
- Special condition: Standard
Features
- Levels: Three Or More
- Pool features: None
Lot
- Lot size: 6,869 sqft
- Lot size dimensions: 55 x 125
Parking
- Total spaces: 14
- Parking features: Assigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,627 | $163,524 |
| Home Insurance * | $508 | $6,096 |
| Property Taxes | $1,504 | $18,048 |
| Electricity | $1,578 | $18,939 |
| Total | $17,217 | $206,604 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-24 | Listed for sale | $2,695,000 |
| 2016-03-22 | Listing removed | $2,525,000 |
| 2016-03-10 | Pending sale | $2,525,000 |
| 2016-02-21 | Listed for sale | $2,525,000 |
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