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Closed
- Listed price
- $8,500,000
- Listed Oct 21, 2020 · $222/sq ft
- Sold price
- $7,850,000
- Sold Dec 24, 2020
62 beds|49 ba|38,209 sqft|26,318 sqft lot|1964 Built|51 MLS days on market
1500 S Gramercy Pl, Los Angeles, CA 90019
Property Description
Totaling 38,209 SF, the subject property includes 40 apartment units located between W Pico Blvd and Venice Blvd just west of Western Ave. This is a true value-add opportunity with significant rental upside of over 54%.Built in 1964, 1500 S Gramercy Pl has an ideal unit mix of spacious units including 18 one-bedroom units (approximately 690 SF), 13 two-bedroom one-bathroom units (approximately 870 SF) and nine two-bedroom two-bathroom units (1,000 SF). Many of the units include balconies. Current rents are below market and presents an investor the opportunity to capture pro forma rents over time through interior renovations. At the asking price, the subject property is being offered at a low price per square foot of $223 and $212,500 per unit. The property has 40 parking spaces.Harvard Heights is a densely populated neighborhood with historical and architectural significance.
Listing agent: Neema AhadianDRE #01346750neema@marcusmillichap.com, Listing office: Marcus & Millichap
MLS data updated 11/4/2026, 6:36:38 AM PT
Source: CRMLSMLS #: 20650226
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$7,850,000
Dec 24, 2020
Available records22020
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90019 · Nov 2026
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ZIP 90019 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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