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6/18/20
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A newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles sold for $4.05 mil, or $289k/unit. The property is located at 453 S. Gramercy Place, just north of Wilshire Blvd and west of Western Ave.
453 S. Gramercy Place last sold in January 2017 for $2.2 mil. After a complete renovation, the property’s current sale, at $471 per square foot, set an all-time per-square-foot record in Koreatown’s 90020 zip code.
Josh Kaplan and John Swartz with Transwestern Real Estate Services represented the seller, a private investor, in the transaction.
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