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

2055 N Gramercy
Los Angeles, California 90068
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2055 N Gramercy Subject | $2,725,000* List Price | 3 | 3 | 1,938 | $1,235 | - |
A 6115 Glen Oak Street Sold | $1,950,000 | 4 | 3 | 1,925 | $1,013 | 0.9 mi |
B 2307 El Contento Drive Sold | $1,995,000 | 4 | 4 | 1,955 | $1,020 | 0.8 mi |
C 2229 Willetta Street Active | $2,699,000 List Price | 3 | 3 | 2,305 | $1,171 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Grant Elementary School
Grades K-6 • 0.6 mi
Los Feliz STEMM Magnet
Grades K-6 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,938 | 2,321 | 38% |
| Lot Size | 6,237 | 6,883.5 | 40% |
| Price | $2.73M | $1.92M | 78% |
| Price per sq ft | $1.4K | $880 | 97% |
| Built year | 1959 | 1950 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 177 | 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


































