620 S Gramercy 314, Los Angeles, California 90005, Los Angeles, 90005 - bed, 1 bath

620 S Gramercy 314, Los Angeles, California 90005 home-pic-0

620 S Gramercy 314

Los Angeles, California 90005

ACTIVE
CONDITION: FAIR
0Beds
1Baths
482Sq Ft
51,555Lot Size

Property Price

LIST PRICE$440,000

SUMMARY

Analysis of 620 S Gramercy 314, Los Angeles, California 90005 is currently available with a list price of $440,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1990, this condo is 34 years old. While it is move-in ready and appears well-maintained, the kitchen and bathroom show signs of updates that are now 10-20 years old, rather than recent. The kitchen features granite countertops and a stainless steel dishwasher, but the tile flooring, fluorescent lighting, and pink wall paint are dated. Similarly, the bathroom has an updated vanity and shower tile, but the floor tile and wall color are also outdated. The carpet in the living and sleeping areas is functional but not a modern, high-end finish. Overall, the property is aged but maintained, with major components functional, but it shows clear signs of being outdated and would benefit from minor cosmetic updates to enhance its appeal.

PROSSTRENGTHS & OPPORTUNITIES

  • Exceptional Location

    Conveniently situated in the vibrant heart of Koreatown, offering easy access to Hancock Park, diverse shopping, dining, entertainment, and public transportation.

  • Premium Building Amenities

    Residents benefit from a rooftop pool and spa with panoramic Downtown LA views, a spacious gym, secure parking, and elevator access, enhancing lifestyle and convenience.

  • Panoramic Views

    The building's rooftop provides amazing panoramic views of Downtown LA, and the property itself boasts mountain, neighborhood, and panoramic views.

CONSRISKS & DEFICIENCIES

  • Compact Living Space

    At 482 sqft, this single, 1-bath condo offers a very compact living area, which may limit its appeal to buyers seeking more spacious accommodations or a dedicated bedroom.

  • High Monthly HOA Fees

    The association fee of $444.00 per month is relatively high for a unit of this size, potentially impacting overall affordability and long-term ownership costs.

  • Lack of Mentioned Cooling System

    The property description does not specify the presence of an air conditioning system, which could be a significant drawback during Los Angeles' warmer months.

About 620 S Gramercy 314

Welcome to 620 South Gramercy Place #314. This modern single, 1-bath condo features a bright and airy open-concept living room with a cozy fireplace. Its high-end sliding doors separate the sleeping area in style and privacy. Enjoy the rooftop pool and spa with amazing panoramic views of Downtown LA. Additional amenities include a spacious gym, secure parking, elevator access. This home is conveniently located in the heart of Koreatown within a short distance to Hancock Park, with easy access to shopping, dining, entertainment, and public transportation, making it the perfect place for both work and play. Don’t miss the opportunity to make this home your dream home.

Property Details

Public Facts

Property Type
Condominium
Year Built
1990
Lot Size
51,555 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$444.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds-2.0
6%
Baths1.02.0
19%
Square foot4821,286
6%
Lot Size51,55526,266
88%
Price$440.0K$695.0K
6%
Price per sq ft$913$550
94%
Built year19901986
50%
HOA$444.0$538
31%
Days on market131198
38%

Pricing History

Listed for Sale

Oct 26, 2025

$440,000

Initial Listing

Sold

Aug 3, 2021

$400,000

Public Record

Sold

Oct 5, 2016

$302,000

Public Record

Sold

Apr 22, 2005

$215,000

Public Record

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