3414 S Gramercy Place, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 2 bath
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3414 S Gramercy Place
Los Angeles, California 90018
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,170Sq Ft
5,204Lot Size
Property Price
LIST PRICE$790,000
EST. MARKET VALUE
$859,129
8% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $790,000—positioned well below the $859,129 Fair Market Value by 8%. This valuation gap provides $69,129 in Instant Equity for the buyer. With a Condition Rating of 2, the home features a complete recent renovation, including a new kitchen and bathrooms. Its generous 5,204 sqft lot offers rare outdoor space in a central location. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in-ready home with immediate financial upside.
Estimated Market Value
$859,129+$69,129 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 3414 S Gramercy Place Subject 3 bd · 2 ba · 1,170 sqft · $734 | $790,000* List Price | 3 | 2 | 1,170 | $734 | - |
A 2955 8th Avenue Sold 3 bd · 2 ba · 1,146 sqft · $794 · 0.8 mi | $910,000 | 3 | 2 | 1,146 | $794 | 0.8 mi |
B 3006 11th Avenue Sold 3 bd · 2 ba · 1,216 sqft · $831 · 0.9 mi | $1,010,000 | 3 | 2 | 1,216 | $831 | 0.9 mi |
C 3773 S St Andrews Place Sold 3 bd · 2 ba · 1,204 sqft · $756 · 0.4 mi | $910,000 | 3 | 2 | 1,204 | $756 | 0.4 mi |
D 1450 W 35th Place Sold 3 bd · 2 ba · 808 sqft · $798 · 0.7 mi | $645,000 | 3 | 2 | 808 | $798 | 0.7 mi |
E 3667 Cimarron Street Active Under Contract 3 bd · 2 ba · 1,134 sqft · $793 · 0.3 mi | $899,000 List Price | 3 | 2 | 1,134 | $793 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1912, the property has undergone a complete recent renovation (less than 5 years) including a new kitchen, bathrooms, windows, flooring, and paint. The interior is in mint condition with modern finishes and is move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Updates
The property has been newly renovated with a modern kitchen, updated bathrooms, new windows, and fresh flooring, providing a move-in-ready experience within a classic 1912 character home.
- Exceptional Outdoor Space
Featuring a generous 5,204 sqft lot, the property offers a huge backyard and ample off-street parking, which is a significant and rare asset in this Los Angeles neighborhood.
- Prime Central Location
Conveniently situated with quick access to major freeways, shopping centers, and Downtown LA, making it an ideal location for commuters and those seeking proximity to stadiums and urban amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5204, other record lot size in square feet = 5267. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Recently Sold Property
The property was recently sold within the past year on 2026-04-10. The sold price is $450,000.00.
- Underperforming Local Schools
Several of the assigned public schools for this address, particularly at the middle and high school levels, have low performance ratings, which may impact appeal for families.
About 3414 S Gramercy Place
Charming 3 bedroom/2 bthrm home available now. Newly updated property with new windows, new kitchen and bathrooms, flooring, paint and laundry room. Open layout with lots of natural light and a huge backyard. Plenty of driveway and backyard parking. Conveniently located minutes to freeways, shopping centers, grocery stores, short drive to downtown LA and stadiums.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 5,204 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Birdielee V. Bright Elementary School
Grades K-5 • 0.2 mi
4/10
Sixth Avenue Elementary School
Grades K-5 • 0.6 mi
3/10
Tom Bradley Global Awareness Magnet School
Grades K-5 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,170 | 1,670.836 |
| Lot Size | 5,204 | 6,152.156 |
| Price | $790.0K | $1.34M |
| Price per sq ft | $675 | $807 |
| Built year | 1912 | 1941 |
| HOA | $0 | $238 |
| Days on market | 20 | 56 |
Pricing History
Listed for Sale
Oct 20, 2026
$790,000
Initial Listing
Sold
Apr 10, 2026
$450,000
Public Record
Sold
Feb 14, 2000
$130,000
Public Record