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

620 S Gramercy 314
Los Angeles, California 90005
Property Price
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
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 Similarly, the bathroom has an updated vanity and shower tile, but the floor tile and wall color are also outdated.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 Overall, the property is aged but maintained, with major components functional, but it shows clear signs of being outdated and would benefit from minor cosmetic updates to enhance its appeal.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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 6% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 482 | 1,286 | 6% |
| Lot Size | 51,555 | 26,266 | 88% |
| Price | $440.0K | $695.0K | 6% |
| Price per sq ft | $913 | $550 | 94% |
| Built year | 1990 | 1986 | 50% |
| HOA | $444.0 | $538 | 31% |
| Days on market | 131 | 198 | 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





























