3612 S Gramercy Place, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath
3612 S Gramercy Place
Los Angeles, California 90018
Property Price
SUMMARY
Analysis of 3612 S Gramercy Place, Los Angeles, California 90018 reveals a Fairly Priced Property with a current list price of $565,000 aligned with the estimated $558,348 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3612 S Gramercy Place Subject | $565,000* List Price | 2 | 1 | 984 | $567 | - |
A 2823 S La Salle Ave Sold | $580,000 | 2 | 1 | 866 | $670 | 0.7 mi |
B 1941 W Jefferson Boulevard Sold | $500,000 | 3 | 2 | 1,231 | $406 | 0.2 mi |
C 1778 W 37th Street Sold | $557,000 | 3 | 1 | 1,152 | $484 | 0.2 mi |
D 3667 Cimarron Active | $599,900 List Price | 3 | 1 | 1,134 | $529 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1914, this property is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation.' The exterior images reveal significant deferred maintenance, outdated materials (pinkish stucco, stone veneer, old awning), and unkempt landscaping. While the structure appears salvageable for restoration, the age and description strongly indicate that major systems (electrical, plumbing, HVAC) and all interior components, including kitchen and bathroom, will require substantial repairs and rehabilitation to meet modern standards and ensure safety and comfort.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Neighborhood Growth
Located in the vibrant and rapidly transforming West Adams area, this property benefits from increasing value, new developments, and proximity to major cultural and educational landmarks like USC, Exposition Park, and the Crypto.com Arena.
- Significant Renovation Potential
Marketed as a 'fixer-upper' and 'canvas for a stunning renovation,' it offers immense potential for investors or owner-users to customize, restore, and significantly increase property value.
- Historic Architectural Charm
As a 1914 California Craftsman Bungalow, the home possesses desirable classic early-20th-century architecture, appealing to buyers seeking character and historical authenticity.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Explicitly a 'fixer-upper,' the property demands substantial investment in time, resources, and capital for restoration and modernization, which may deter some buyers.
- Limited Interior Space & Amenities
With only 984 sqft, 2 bedrooms, and 1 bathroom, the current layout is compact and may not meet the space requirements of all potential buyers, potentially necessitating costly expansions.
- Age-Related System Concerns
Built in 1914, the property likely has outdated or original major systems (plumbing, electrical, HVAC) that will require significant upgrades, adding to the overall renovation budget and complexity.
About 3612 S Gramercy Place
California Craftsman Bungalow Fixer-Upper Ready for Investor or Owner-user - Unlock the potential of this charming 1914 home and restore it to its original beauty in the rapidly transforming West Adams community of Jefferson Park. Just 7 minutes from USC, this property offers a unique opportunity to create your masterpiece while being close to a wealth of cultural and educational landmarks. Prime Location: Located in the vibrant West Adams area, this home is minutes from USC, Exposition Park, the new Crypto.com Arena and the L.A. Memorial Coliseum. Endless Potential: Ideal for investors or homeowners looking to restore a historic gem. This property offers a canvas for a stunning renovation with classic early-20th-century architecture. Neighborhood Transformation: West Adams is one of LA’s most dynamic neighborhoods, with increasing value and new developments. The area is attracting creatives, professionals, and entrepreneurs looking to be close to the heart of the city.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1914
- Lot Size
- 5,200 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 • 0.1 mi
Sixth Avenue Elementary School
Grades K-5 • 0.6 mi
Tom Bradley Global Awareness Magnet School
Grades K-5 • 0.7 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 | 984 | 1,504 | 13% |
| Lot Size | 5,200 | 5,805.5 | 27% |
| Price | $565.0K | $839.0K | 13% |
| Price per sq ft | $574 | $576 | 48% |
| Built year | 1914 | 1913 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 437 | 203 | 0% |
Pricing History
Listed for Sale
Jan 11, 2026
$565,000
$550,000
+3% Price Increase
Initial Listing
Price Change
Dec 24, 2024
$550,000
Initial Listing