244 S Gramercy Place, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 5 bath
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Los Angeles, California 90004
This Modern Architectural Masterpiece is a Strong Value Opportunity, listed at $3,080,000—positioned well below the $3,199,617 Fair Market Value by 3%. This valuation gap provides $119,617 in Instant Equity for a property boasting an Excellent Condition Rating. Built in 2021, the home features 16-foot ceilings, a chef's kitchen with waterfall island, and city lights views. Located near the top-rated Third Street Elementary School, it perfectly balances high-end lifestyle with financial upside. This is an elite acquisition for luxury-seeking families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 244 S Gramercy Place Subject | $3,080,000* List Price | 4 | 5 | 3,347 | $956 | - |
A 111 S Wilton Place Sold | $2,300,000 | 4 | 4 | 2,880 | $799 | 0.2 mi |
B 408 N Beachwood Drive Sold | $3,100,000 | 4 | 5 | 2,755 | $1,125 | 0.8 mi |
C 555 N Plymouth Boulevard Sold | $2,980,000 | 4 | 4 | 3,000 | $993 | 0.9 mi |
D 588 N Gower Street Sold | $2,650,000 | 5 | 4 | 3,136 | $845 | 1.0 mi |
E 162 S Lucerne Boulevard Sold | $3,100,000 | 3 | 4 | 2,614 | $1,186 | 0.7 mi |
F 138 N Wilton Place Active | $2,899,000 List Price | 4 | 4 | 3,208 | $904 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2021, making it nearly new and well within the 10-year threshold for an excellent rating. The interior features high-end modern finishes, including a chef's kitchen with a waterfall island and premium stainless steel appliances, wide-plank light wood flooring, and designer light fixtures. The bathrooms are spa-inspired with contemporary tiling and fixtures. The architectural design, 16-foot ceilings, and pristine indoor-outdoor living spaces show no signs of physical depreciation or deferred maintenance.
Built in 2021, this residence features soaring 16-foot ceilings, an open floor plan, and high-end finishes like a chef's kitchen with a striking waterfall island and walk-in pantry.
All four bedrooms are en-suite, including a versatile downstairs guest suite and a luxurious primary retreat with dual walk-in closets and a spa-inspired bathroom.
The home offers exceptional California living with a covered deck, a spacious private backyard lined with mature trees, and private balconies for every upstairs bedroom.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3347, other record living area = 1560. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While some local schools are highly rated, several assigned public options in the immediate vicinity have lower ratings, which may be a concern for families.
The list price reflects a significant appreciation since its 2021 sale, potentially testing the upper valuation limits for the Hancock Park adjacent sub-market.
Stunning 2021-built modern residence offering 4 bedrooms and 4.5 baths in a highly desirable Hancock Park adjacent location. Thoughtfully designed with an open floor plan, this home features soaring 16-foot ceilings in the living room, a sleek fireplace, and expansive windows that flood the space with natural light. Seamless indoor-outdoor California living is showcased with a covered deck leading to a private, spacious backyard lined with mature ficus trees. The chef's kitchen is equipped with a striking waterfall island, walk-in pantry, and ample cabinetry, perfect for both everyday living and entertaining. All bedrooms are En-suite, including a convenient downstairs suite ideal for guests or a home office. Upstairs, each bedroom enjoys its own balcony, while the luxurious primary suite features dual walk-in closets, a spa-inspired Jack-and-Jill bathroom, and a standalone soaking tub, plus a private balcony overlooking the backyard. Additional highlights include an upstairs laundry room, separate powder room, and a full security camera system. A rare opportunity to own a newer construction home that perfectly blends modern design, functionality, and prime location
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 4.0 | 78% |
| Square foot | 3,347 | 2,494 | 73% |
| Lot Size | 7,508 | 7,012 | 58% |
| Price | $3.08M | $1.91M | 76% |
| Price per sq ft | $920 | $920 | 50% |
| Built year | 2021 | 1922 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 189 | 2% |
Apr 14, 2026
$3,080,000
Initial Listing
Jul 23, 2021
$2,360,000
Public Record
Sep 17, 2019
$880,000
Public Record