5747 S Gramercy Place, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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5747 S Gramercy Place
Los Angeles, California 90062
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,529Sq Ft
4,284Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$708,819
12% AboveMARKET VALUE
SUMMARY
This three-unit property represents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $892,716 Fair Market Value by 4%. This valuation gap offers $42,716 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant upside through modernization. Its Mixed-Use Versatility and Secure Off-Street Parking provide a stable income foundation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage commercial and residential income streams.
Estimated Market Value
$708,819
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 |
|---|---|---|---|---|---|---|
★ 5747 S Gramercy Place Subject 0 bd · 0 ba · 1,529 sqft · $464 | $799,000* List Price | 0 | 0 | 1,529 | $464 | - |
A 5710 Ruthelen Active 0 bd · 0 ba · 1,728 sqft · $515 · 0.1 mi | $889,800 List Price | 0 | 0 | 1,728 | $515 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1950 (>20 years old) and the listing lacks any mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric). While the exterior appears maintained and the units are functional for 'steady cash flow,' the description explicitly suggests the property can be 'improved over time to increase rents,' confirming it is in a dated condition requiring updates.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use Versatility
The unique combination of two 3-bedroom residential units and a permitted commercial studio offers a diversified income stream and rare flexibility for owner-users or investors in the 90062 area.
- Secure Off-Street Parking
Featuring a gated lot, a long driveway, and an attached two-car garage, the property provides ample and secure parking, which is a significant value-add in a high-density Los Angeles neighborhood.
- Strong Rental Configuration
The two 3-bedroom residences are highly attractive to long-term family tenants, typically resulting in lower turnover rates and more stable cash flow compared to smaller unit types.
CONSRISKS & DEFICIENCIES
- High Density per Square Foot
With only 1,529 total square feet across three units, the individual living spaces—especially the 3-bedroom units—are likely quite small, which may limit the maximum achievable rent.
- Aging Infrastructure
Built in 1950, the property may require significant capital improvements or modernization of major systems to remain competitive and meet current building standards for mixed-use properties.
About 5747 S Gramercy Place
This three-unit property in South Los Angeles combines residential and commercial income on one lot! The unit mix includes two 3-bedroom, 1-bathroom residences and a studio. The studio is permitted for commercial use, which diversifies income and can appeal to small-business tenants. The 3-bedroom units are a strong fit for long-term renters, and each unit has its own entrance. The lot is gated with a long driveway, off-street parking, and an attached two-car garage. All of this sits on a palm-lined street with access to major South LA corridors, shopping, and transit. The property can be held for steady cash flow, improved over time to increase rents, or occupied by an owner-user who wants to live on-site while collecting rental and commercial income. Mixed-use properties with this flexibility are hard to find in the 90062 area!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1950
- Lot Size
- 4,284 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,529 | 2,090.331 |
| Lot Size | 4,284 | 5,852.908 |
| Price | $799.0K | $830.9K |
| Price per sq ft | $523 | $394 |
| Built year | 1950 | 1928 |
| HOA | $0 | $0 |
| Days on market | 30 | 87 |
Pricing History
Listed for Sale
Oct 21, 2026
$799,000
$850,000
-6% Price Drop
Initial Listing
Price Change
Oct 10, 2026
$850,000
Initial Listing
Sold
Nov 1, 2010
$200,000
Public Record
Sold
Oct 27, 2010
$299,000
Public Record
Sold
Nov 2, 2005
$583,000
Public Record
Sold
Apr 23, 2003
$46,500
Public Record