2055 N Gramercy, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 3 bath

2055 N Gramercy, Los Angeles, California 90068 home-pic-0

2055 N Gramercy

Los Angeles, California 90068

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,938Sq Ft
6,237Lot Size

Property Price

LIST PRICE$2,725,000
EST. MARKET VALUE
$2,394,044
13% AboveMARKET VALUE

SUMMARY

Analysis of 2055 N Gramercy, Los Angeles, California 90068 reveals a property with a current list price of $2,725,000, which is 13% above the estimated $2,394,044 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,394,044
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2055 N Gramercy
Subject
$2,725,000*
List Price
331,938$1,235-
A
6115 Glen Oak Street
Sold
$1,950,000431,925$1,0130.9 mi
B
2307 El Contento Drive
Sold
$1,995,000441,955$1,0200.8 mi
C
2229 Willetta Street
Active
$2,699,000
List Price
332,305$1,1710.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This mid-century home has been meticulously and extensively reimagined within the last five years, featuring high-end modern upgrades throughout. The property boasts a statement kitchen with premium appliances and custom cabinetry, spa-inspired bathrooms with sculptural stone elements, and updated flooring and fixtures that meet the highest current quality standards with no signs of deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Iconic Mid-Century Architecture

    Located in the prestigious Los Feliz Oaks, this home features classic mid-century design with walls of glass and 'jetliner' panoramic views of the city skyline and hills.

  • High-End Modern Upgrades

    The residence has been meticulously reimagined with premium appliances, custom cabinetry, and a spa-inspired primary bath, blending timeless character with contemporary luxury.

  • Flexible Layout & Bonus Space

    The property includes a separate private suite and a two-car garage adaptable for use as a professional studio, office, or gym, catering to modern lifestyle needs.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6237, other record lot size in square feet = 9492.

  • Recent Value Depreciation

    The current list price of $2.725M is lower than the 2021 sale price of $2.9M, and the recent price cut suggests a struggle to recapture previous market highs.

  • Inconsistent School Ratings

    While some local schools are highly rated, the assigned middle schools have significantly lower ratings (as low as 3/10), which may deter families prioritizing education.

About 2055 N Gramercy

Perched above the city in the coveted Los Feliz Oaks, this striking mid-century retreat is a study in architectural drama and effortless sophistication. Walls of glass frame sweeping skyline and hillside views, flooding the home with natural light and creating a seamless connection between indoors and out. Thoughtfully reimagined, the residence blends timeless mid-century character with modern refinement, rich wood tones, sculptural stone elements, and curated finishes throughout. The open living spaces unfold offering a dynamic layout ideal for both intimate evenings and vibrant entertaining. A statement kitchen anchors the home, outfitted with premium appliances, custom cabinetry, and a separate bar area, which is a highlight of the home. Elevated sight lines draw the eye outward to the surrounding landscape and stunning city views. A separate private suite sits above the main living area, offering tranquil views through mature eucalyptus. The secluded primary retreat can be closed off and enjoys jetliner double-exposure city views, generous closet space, and a spa-inspired bath. A third bedroom and additional bath complete the home's flexible floor plan. Outdoor living is equally compelling, with a sun-drenched front patio, a grassy side yard, and a dining terrace just off the kitchen, each designed to take full advantage of the setting and an entertainer's paradise. A two-car garage can be used as a home studio, office, or gym. Tucked away at the end of a quiet cul-de-sac, yet moments from the energy of Los Feliz and Hollywood, this is a rare opportunity to experience iconic California living at its most refined. generational retreat.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1959
Lot Size
6,237 Sq. Ft.

Interior

Total Bedrooms
3
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

Cheremoya Avenue Elementary School

Grades K-6 • 0.5 mi

6/10

Grant Elementary School

Grades K-6 • 0.6 mi

4/10

Los Feliz STEMM Magnet

Grades K-6 • 1.2 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,9382,321
38%
Lot Size6,2376,883.5
40%
Price$2.73M$1.92M
78%
Price per sq ft$1.4K$880
97%
Built year19591950
66%
HOA$0$0
50%
Days on market46177
3%

Pricing History

Listed for Sale

Feb 28, 2026

$2,725,000

$2,825,000

-4% Price Drop

Initial Listing

Price Change

Jan 19, 2026

$2,825,000

Initial Listing

Sold

Feb 2, 2021

$2,900,000

Public Record

Sold

Feb 9, 2018

$1,725,000

Public Record

Sold

Feb 17, 2006

$1,540,000

Public Record

Sold

Mar 31, 1994

$385,000

Public Record

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