Commercial for Sale in Los Angeles, California

1848 N Gramercy Place, Los Angeles, California 90028, US

$ 10,545,000

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 10,545,000
  • MLS ID: 25611107
  • Property Type: Commercial
  • WEB ID: PR03414182
  • Property Status: Active
  •  Commercial for Sale in Los Angeles, California
  •  Commercial for Sale in Los Angeles, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 10,545,000
  • MLS ID: 25611107
  • Property Type: Commercial
  • WEB ID: PR03414182
  • Property Status: Active
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.

Additional Features

  • Parking spaces: 0.00
  • Listing Status: Active
  • Listing Agent: Brett Daniels (lic# 01230746) of Beverly Hills/Greater LA
  • Listing Office: Atlas Real Estate Corporation (lic# 01905758)
  • Based on information from CRISNet MLS as of 31st July 2026 at 1:37pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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