Closed Sale
Case Study453 S Gramercy PlA 14-unit Koreatown building, rents about 80% below market, sold off-market in January 2017 with us on both sides. We sold it again in 2020 for the seller.Read the full case study →
453 S Gramercy Pl (2017)
Los Angeles, CA 90020 · Koreatown
- Sale Price
- $2,200,000
- We Represented
- Buyer and Seller
- Sale Date
- January 2017
- Units
- 14
- Building Size
- 8,594 SF
- Price Per Unit
- $157,143
- Price Per SF
- $256
Sale Summary
453 S Gramercy Pl is a 14-unit apartment building in Los Angeles, CA 90020, closed in January 2017 for $2,200,000. That works out to $157,143 per unit and $256 per square foot of building area.
This building has been part of two separate Highlight transactions. In this January 2017 sale we represented both the buyer and the seller, and rents were about 80% below market. We sold the building again in 2020, representing the seller only, for $4,050,000 (see the 2020 sale).
The property sits in the Koreatown submarket (Central LA), which scores 93 for Walk Score and 80 for Transit Score.
This sale is part of the Highlight Multifamily Group track record. See it on our closed sales map.