3414 S Gramercy Place, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath
3414 S Gramercy Place
Los Angeles, California 90018
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3414 S Gramercy Place Subject | $525,000* List Price | 2 | 1 | 1,170 | $449 | - |
A 1941 W Jefferson Boulevard Sold | $500,000 | 3 | 2 | 1,231 | $406 | 0.1 mi |
B 1605 W 35th Sold | $650,000 | 2 | 1 | 1,400 | $464 | 0.4 mi |
C 1778 W 37th Street Sold | $557,000 | 3 | 1 | 1,152 | $484 | 0.3 mi |
D 1450 W 35th Sold | $425,000 | 1 | 1 | 808 | $526 | 0.7 mi |
E 3612 S Gramercy Place Active | $565,000 List Price | 2 | 1 | 984 | $574 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1912, this century-old property requires substantial rehabilitation. The listing analysis explicitly notes that essential systems—including plumbing, electrical, and climate control—require significant capital investment to meet modern standards. The aggressive price reduction from $750,000 to $525,000 and the weathered exterior suggest the home is in a state of significant deferred maintenance and is likely not move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Aggressive Pricing Strategy
The property has seen a significant price reduction from its original $750,000 listing to $525,000, offering a highly competitive entry point for a single-family home in the Los Angeles market.
- Proximity to Quality Schools
The residence is ideally located near several well-rated educational institutions, including Birdielee V. Bright Elementary and the Foshay Learning Center, both within a short distance.
- Generous Lot Size
With a 5,204-square-foot lot, the property provides ample outdoor space for a home of this size, offering potential for landscaping, expansion, or the addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Market Stagnation
The property has undergone multiple price cuts and remained on the market for an extended period, which may suggest underlying condition issues or a disconnect with current buyer expectations.
- Aging Infrastructure
Built in 1912, this century-old home likely requires significant capital investment to modernize essential systems such as plumbing, electrical, and climate control to meet modern standards.
About 3414 S Gramercy Place
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 5,204 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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
Sixth Avenue Elementary School
Grades K-5 • 0.6 mi
Tom Bradley Global Awareness Magnet School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,170 | 1,504 | 19% |
| Lot Size | 5,204 | 5,805.5 | 27% |
| Price | $525.0K | $839.0K | 10% |
| Price per sq ft | $449 | $576 | 23% |
| Built year | 1912 | 1912 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 286 | 203 | 96% |
Pricing History
Listed for Sale
Feb 24, 2026
$525,000
$550,000
-5% Price Drop
Initial Listing
Price Change
Jan 29, 2026
$550,000
$599,000
-8% Price Drop
Initial Listing
Price Change
Sep 16, 2025
$599,000
Initial Listing
Price Change
May 24, 2025
$750,000
Initial Listing
Sold
Feb 14, 2000
$130,000
Public Record