140 S Gramercy Place 1, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 3 bath
ACTIVE$860,000$1,240/sqft
140 S Gramercy Place 1, Los Angeles, California 90004
2Beds
3Baths
1,240Sqft
7,054Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Panoramic Rooftop Deck: The property boasts a private rooftop deck with unobstructed 360-degree views spanning from Downtown Los Angeles to the Hollywood Sign, offering a unique and highly desirable luxury amenity.
Top Cons:
High Monthly Association Fee: The $700.0 monthly association fee is substantial and adds significantly to the overall cost of ownership, which may impact affordability for some buyers.
Compared to the nearby listings
Price:$860.0K vs avg $705.0K (+$155,000)82%
Size:1,240 sqft vs avg 1,180 sqft71%
Price/sqft:$694 vs avg $59788%
More Insights
Built in 2009 (17 years old).
Condition: Built in 2009, this property features an award-winning modern design with high-end finishes and smart home technology throughout. The kitchen boasts Caesarstone counters, LED lighting, and updated stainless steel appliances, all appearing virtually new. Bathrooms are exceptionally modern with floating vanities, backlit mirrors, and contemporary tile work. Polished concrete and bamboo flooring are in pristine condition. All systems and aesthetics meet current quality standards with no visible deferred maintenance.
Year Built
2009
Close
-
List price
$860K
Original List price
$869K
Price/Sqft
$694
HOA
$700
Days on market
-
Sold On
-
MLS number
26632025
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights
About this home
This 1,240 sq.ft. front unit at Gramercy Row in Hancock Park offers privacy, natural light, and thoughtful modern design by AIA-awarded firm Assembledge+. The layout includes an open ground floor with high ceilings, polished concrete floors, smart blinds, smoked glass details, living and dining areas, kitchen with Caesarstone counters and backsplash, LED lighting, updated stainless steel appliances, and a powder room. The second level features bamboo floors, a flexible-use room, full bath, in-unit LG washer/dryer, and storage. The top-floor primary suite includes more bamboo floors, a custom closet, smart blinds, and a skylit bathroom with double sinks, floating vanity, under-cabinet lighting, and a smoked glass divider. A spiral staircase leads to a private rooftop deck with unobstructed 360-degree views from Downtown to the Hollywood Sign. Additional features include a Nest thermostat, Hue smart lighting, Nest smoke detectors, and frosted glass for added privacy. Two tandem parking spaces, guest parking, and elevator access complete the offering. Located near Larchmont Village with easy access to Hollywood and Downtown.
C
Christopher Low
Listing Agent
Nearby schools
6/10
Charles H. Kim Elementary School
Public,•K-5•0.3mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.6mi
6/10
Wilshire Park Elementary School
Public,•K-5•0.8mi
3/10
Wilton Place Elementary School
Public,•K-5•0.9mi
8/10
Third Street Elementary School
Public,•K-5•1.3mi
2/10
Vine Street Elementary School
Public,•K-6•1.4mi
3/10
Los Angeles Elementary School
Public,•K-5•1.7mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.8mi
2/10
Wilshire Crest Elementary School
Public,•K-5•2.1mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.2mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.2mi
7/10
John Burroughs Middle School
Public,•6-8•1.5mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.6mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.8mi
5/10
Pio Pico Middle School
Public,•6-8•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.2mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi
7/10
Fairfax Senior High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
06/27/23
Sold
$915,000
06/23/15
Sold
$675,000
09/03/10
Sold
$505,000
Condition Rating
Excellent
Built in 2009, this property features an award-winning modern design with high-end finishes and smart home technology throughout. The kitchen boasts Caesarstone counters, LED lighting, and updated stainless steel appliances, all appearing virtually new. Bathrooms are exceptionally modern with floating vanities, backlit mirrors, and contemporary tile work. Polished concrete and bamboo flooring are in pristine condition. All systems and aesthetics meet current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Panoramic Rooftop Deck: The property boasts a private rooftop deck with unobstructed 360-degree views spanning from Downtown Los Angeles to the Hollywood Sign, offering a unique and highly desirable luxury amenity.
Award-Winning Modern Design: Designed by the AIA-awarded firm Assembledge+, the unit features thoughtful modern aesthetics, high ceilings, polished concrete floors, and sophisticated smoked glass details.
Premium Finishes & Smart Home Integration: Equipped with high-end finishes such as Caesarstone counters, bamboo floors, and integrated smart home technology including Nest thermostat, Hue lighting, and smart blinds for enhanced comfort and efficiency.
Prime Hancock Park Location: Strategically located in the desirable Hancock Park area, offering convenient access to Larchmont Village, Hollywood, and Downtown Los Angeles, enhancing lifestyle and potential appreciation.
Excellent Parking & Accessibility: The unit includes two tandem parking spaces, guest parking, and elevator access, providing superior convenience and accessibility for residents and visitors.
Cons
High Monthly Association Fee: The $700.0 monthly association fee is substantial and adds significantly to the overall cost of ownership, which may impact affordability for some buyers.
Tandem Parking Arrangement: The two parking spaces are configured in a tandem arrangement, which can be inconvenient for daily use, especially if both vehicles are frequently used independently.
Recent Price Adjustment: A recent price reduction from $869,000 to $860,000 might indicate market resistance or a need to attract buyers, potentially affecting the perceived market value or requiring a quicker sale.