3612 S Gramercy Place, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath
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Los Angeles, California 90018
This Value-Add Residential Asset presents a High-Potential Investment Opportunity in the West Adams corridor, listed at $565,000—a price that closely aligns with its $562,961 Fair Market Value. This 1914 California Craftsman Bungalow currently holds a Condition Rating of 5, necessitating a comprehensive restoration of its historic structure and major systems. The generous 5,200 sqft lot provides ample space for an ADU or expansion near the highly-rated Foshay Learning Center. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking forced appreciation.
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 | $572 | - |
A 3667 Cimarron Sold | $600,000 | 3 | 1 | 1,134 | $529 | 0.1 mi |
B 3613 S Gramercy Place Sold | $699,000 | 2 | 1 | 1,176 | $594 | 0.0 mi |
C 2823 S La Salle Ave Sold | $580,000 | 2 | 1 | 866 | $670 | 0.7 mi |
D 1450 W 35th Sold | $425,000 | 1 | 1 | 808 | $526 | 0.7 mi |
E 3414 S Gramercy Place Pending | $525,000 List Price | 2 | 1 | 1,170 | $449 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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 The exterior images reveal significant deferred maintenance, outdated materials (pinkish stucco, stone veneer, old awning), and unkempt landscaping.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.
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.
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.
As a 1914 California Craftsman Bungalow, the home possesses desirable classic early-20th-century architecture, appealing to buyers seeking character and historical authenticity.
Explicitly a 'fixer-upper,' the property demands substantial investment in time, resources, and capital for restoration and modernization, which may deter some buyers.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 984 | 1,520 | 14% |
| Lot Size | 5,200 | 5,800 | 29% |
| Price | $565.0K | $865.0K | 10% |
| Price per sq ft | $574 | $594 | 47% |
| Built year | 1914 | 1914 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 484 | 182 | 0% |
Jan 11, 2026
$565,000
$550,000
+3% Price Increase
Initial Listing
Dec 24, 2024
$550,000
Initial Listing