736 Gramercy Drive — Wise Choices Realty

$1,350,000 $222 / sqft Est. $6,826/mo

9
Beds: 8
Baths: 6,076
Sq Ft

Active Listed today

Listed By Adam PetersonDRE #01815802

CB Richard Ellis, Inc.

Tom Schulze · Broker

Your inquiry will go to Tom Schulze, who is not the listing agent for this property.

Lot Size: 6,251 sqft
Year Built: 1955
Property Type: Residential income
Levels: Multi Split
HOA: No
Days on Market: Today

7 units in Prime Koreatown west of Western Ave in a Walker's Paradise (92 Walk Score). A true value-add opportunity with 30% upside (8%+ cap at market), the asset is incredibly well positioned for an investor to steward to new heights with upgrades, unit turnover and potential ADUs. Priced at $192k per unit and a 5.6% cap rate, the offering represents an attractive basis well below replacement cost and competitive cashflow right out of the gate. Most of the upside is concentrated across three longer-tenured units, making the upside capture more manageable. This stretch of Gramercy Dr. is quiet with low density residential and single family homes mixed with mid-sized apartment buildings. Within just a few blocks, residents can enjoy an incredible array of dining, retail and entertainment options including The Wiltern Theatre, Western Plaza and Koreatown Plaza.

Estimate a monthly payment

Home priceDown paymentDown %Interest rate %Term

—/mo

Principal and interest only. Property taxes, insurance and any HOA dues are not included and will increase this amount.

Estimates only, for your own planning. Not a loan offer, a pre-qualification, or a quote from any lender.

Features

Interior Features

Heating: Wall Furnace

Exterior Features

Parking: Carport
Driveway

Market insights

Computed from CRMLS data for Los Angeles.

Property history

No prior MLS sale records.

Based on information from California Regional Multiple Listing Service, Inc. as of October 5, 2026 at 5:30 PM PDT and /or other sources. 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. Any amount of compensation or commission stated is made only to participants of CRMLS or an MLS that has entered into a datashare agreement with CRMLS.