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Gramercy Place 300 S Gramercy Pl 33 Unit Apartment Building $11,537,400 CAD ($349,618 CAD/Unit) 5.47% Cap Rate Los Angeles, CA 90020
Investment Highlights
- Fully occupied 33-unit multifamily property in a high-demand Koreatown location.
- Easy access to major public transit, including the Purple Line station, and key corridors like Wilshire Boulevard.
- Functional mix of 1-bedroom and 2-bedroom floor plans with in-unit amenities.
- Positioned in a walkable urban neighborhood with proximity to shops, dining, and employment hubs.
Executive Summary
300 S Gramercy Place offers an investment opportunity in the heart of Koreatown, one of Los Angeles’ most active multifamily submarkets. This 33-unit property sits on a 0.33-acre lot and benefits from a strong rental history, with reported 100% occupancy. Built in 1970, the Class C low-rise building spans three stories and features a mix of one-bedroom and two-bedroom units, enhanced by functional in-unit amenities such as air conditioning, balconies, and modern kitchens. Residents also enjoy on-site conveniences, including controlled building access, laundry facilities, and secure parking.
Property Facts
| Price | $11,537,400 CAD | Building Class | C |
| Price Per Unit | $349,618 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 31,548 SF |
| Cap Rate | 5.47% | Average Occupancy | 100% |
| No. Units | 33 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price | $11,537,400 CAD |
| Price Per Unit | $349,618 CAD |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 31,548 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | 1,000 |
| 2+2 | 12 | - | 1,500 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5504-031-095 | Improvements Assessment | $4,708,368 CAD |
| Land Assessment | $6,242,156 CAD | Total Assessment | $10,950,524 CAD |
Property Taxes
Parcel Number
5504-031-095
Land Assessment
$6,242,156 CAD
Improvements Assessment
$4,708,368 CAD
Total Assessment
$10,950,524 CAD
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Gramercy Place | 300 S Gramercy Pl
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