1057 S Gramercy Place, Los Angeles, California 90019, Los Angeles, 90019 - 5 bed, 3 bath
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1057 S Gramercy Place
Los Angeles, California 90019
ACTIVE
CONDITION: GOOD
5Beds
3Baths
3,601Sq Ft
8,251Lot Size
Property Price
LIST PRICE$1,850,000
EST. MARKET VALUE
$1,764,473
4% AboveMARKET VALUE
SUMMARY
This Spacious Traditional Residence represents a Strong Value Opportunity, listed at $1,850,000—positioned above the $1,764,474 Fair Market Value. While priced slightly above market, the property maintains a Good Condition Rating with high-end Sub-Zero appliances and hardwood flooring. Located in the Country Club Park HPOZ, this home offers significant square footage and a versatile layout for large households. With proximity to Pio Pico Middle School and Queen Anne Place Elementary, it is an ideal acquisition for Owner-Occupants or long-term investors seeking a character-rich asset in a prime Los Angeles corridor.
Estimated Market Value
$1,764,473
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1057 S Gramercy Place Subject | $1,850,000* List Price | 5 | 3 | 3,601 | $490 | - |
A 1506 Crenshaw Boulevard Sold | $1,385,000 | 4 | 3 | 2,427 | $571 | 0.9 mi |
B 1254 S Manhattan Active | $1,590,000 List Price | 6 | 4 | 3,024 | $526 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the 1917 build date, the property is well-maintained and move-in ready. The kitchen has been updated with high-end stainless steel Sub-Zero appliances, and the interior features polished hardwood floors and clean architectural details. The presence of solar panels suggests updates to the electrical systems, fitting the 5-15 year renovation profile for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Living Space
Boasting over 3,600 square feet with five bedrooms, this residence offers a rare scale and versatile floor plan for the area, providing ample room for large families, guests, or dedicated home offices.
- Prime Central Location
Situated in the highly sought-after Hancock Park/Mid-Wilshire corridor, the property offers exceptional proximity to Larchmont Village, Koreatown, and Downtown LA, ensuring high long-term desirability and convenience.
- High-End Kitchen Amenities
The kitchen is equipped with premium dual built-in Sub-Zero refrigerators and stainless steel appliances, successfully blending modern luxury functionality with the home's classic architectural charm.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Ratio
With five bedrooms but only three bathrooms, the ratio may be a drawback for modern luxury buyers who typically expect more en-suite facilities in a home of this size.
- Century-Old Infrastructure
Originally constructed in 1917, the property may require significant ongoing maintenance or future capital expenditures to update aging systems such as plumbing, electrical, or foundation to modern standards.
About 1057 S Gramercy Place
Welcome to 1057 S. Gramercy Place, a beautifully maintained traditional two-story residence nestled in the heart of the highly desirable Hancock Park/Mid-Wilshire neighborhood. Blending timeless character with thoughtful updates, this spacious home offers 5 bedrooms and 3 bathrooms, providing an ideal layout for comfortable living and entertaining. Inside, you'll find elegant hardwood flooring, rich wood detailing, and a warm living room centered around a decorative fireplace. A versatile den off the living area makes the perfect home office, library, or flex space. The formal dining room flows into a well-appointed kitchen featuring stainless steel appliances, dual built in Sub-Zero refrigerators, and ample cabinetry for storage. A separate family room with an adjacent bathroom offers additional space for gatherings, movie nights, or everyday relaxation. Step outside to a generously sized backyard, creating the perfect setting for outdoor dining, entertaining, or simply unwinding in a private setting. The detached two-car garage provides convenient parking and additional storage. Ideally located just minutes from Hancock Park, Larchmont Village, Koreatown, Miracle Mile, Downtown Los Angeles, and some of the city's best dining, shopping, and cultural attractions, this exceptional home offers the perfect balance of charm, space, and convenience in one of Los Angeles' most sought after neighborhoods. the property appears to be within the Country Club Park Historic Preservation Overlay Zone (HPOZ).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1917
- Lot Size
- 8,251 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Angeles Elementary School
Grades K-5 • 0.5 mi
3/10
Wilton Place Elementary School
Grades K-5 • 0.5 mi
3/10
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,601 | 1,664.159 |
| Lot Size | 8,251 | 6,066.556 |
| Price | $1.85M | $1.35M |
| Price per sq ft | $514 | $806 |
| Built year | 1917 | 1939 |
| HOA | $0 | $278 |
| Days on market | 57 | 55 |
Pricing History
Listed for Sale
Jul 14, 2026
$1,850,000
Initial Listing
Sold
Apr 15, 2002
$460,000
Public Record
Sold
May 21, 1998
$250,000
Public Record