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620 S Gramercy Place 105, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath

620 S Gramercy Place 105, Los Angeles, California 90005 home-pic-0
ACTIVE$629,000
620 S Gramercy Place 105, Los Angeles, California 90005
2Beds
2Baths
935Sqft
51,555Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Koreatown Location & Accessibility: Situated in the heart of Koreatown, offering excellent access to numerous amenities, restaurants, major thoroughfares, and public transit, including proximity to Hancock Park, Larchmont Village, DTLA, The Grove, and Beverly Hills.
Top Cons:
Compact Square Footage: At 935 SF, the unit's size for a 2-bedroom, 2-bathroom layout may be considered compact by some buyers, potentially limiting spaciousness.

Compared to the nearby listings

Price:$629.0K vs avg $690.0K ($-61,000)35%
Size:935 sqft vs avg 1,234 sqft29%
Price/sqft:$673 vs avg $56694%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this property has undergone significant upgrades, including modern laminated hardwood floors throughout, a tastefully designed kitchen with granite countertops, hardwood cabinets, and matching stainless steel appliances. The bathrooms also appear updated with modern vanities and fixtures. The overall condition is 'turn-key move-in ready' with no immediate renovations required, aligning well with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years.
Year Built
1990
Close
-
List price
$629K
Original List price
$629K
Price/Sqft
$673
HOA
$458
Days on market
-
Sold On
-
MLS number
25488969
Home ConditionGood
Features
Pool
Spa
Patio
ViewTrees/Woods

About this home

Excellent Korea Town Location! This upgraded 2-bedroom, 2-bathroom residence is situated in the heart of Korea Town. The modern home offers open floor plan filled with natural light, complemented by laminated hardwood floors throughout its 935 SF space. The balcony is lush with greenery, providing added privacy. The gourmet kitchen is tastefully designed with modern materials and fixtures, featuring granite countertops, a bar area, hardwood cabinets, matching appliances, a stainless steel 2-compartment sink. The layout includes separated bedrooms provide enhanced privacy. Turn key Move-in condition ready for the new owner. Surrounded by numerous amenities and restaurants in the neighborhood, the residence is conveniently located at Northwest corner of Wilshire Blvd & Western Ave., near Wilshire Country Club, Hancock Park, Larchmont village, DTLA, the Grove, Beverly Hills, Schools and public transit. Enjoy a convenient lifestyle while tucked away from high-traffic roads!

Price History

Date
Event
Price
01/26/22
Sold
$578,000
06/13/12
Sold
$280,000
01/09/06
Sold
$455,000
Condition Rating
Good
Built in 1990, this property has undergone significant upgrades, including modern laminated hardwood floors throughout, a tastefully designed kitchen with granite countertops, hardwood cabinets, and matching stainless steel appliances. The bathrooms also appear updated with modern vanities and fixtures. The overall condition is 'turn-key move-in ready' with no immediate renovations required, aligning well with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years.
Pros & Cons

Pros

Prime Koreatown Location & Accessibility: Situated in the heart of Koreatown, offering excellent access to numerous amenities, restaurants, major thoroughfares, and public transit, including proximity to Hancock Park, Larchmont Village, DTLA, The Grove, and Beverly Hills.
Upgraded & Modern Interior: The residence features a modern, upgraded interior with an open floor plan, abundant natural light, laminated hardwood floors, and a gourmet kitchen equipped with granite countertops, a bar area, and matching appliances.
Turnkey & Move-in Ready Condition: Described as 'Turn key Move-in condition ready for the new owner,' indicating the property requires no immediate renovations or repairs, offering immediate occupancy.
Functional Layout & Enhanced Privacy: The open floor plan and separated bedrooms are designed to provide enhanced privacy, complemented by a balcony lush with greenery for added seclusion.
Convenient Lifestyle: The location offers a highly convenient lifestyle, being surrounded by amenities, schools, and public transit, while also being noted as 'tucked away from high-traffic roads' for a balance of access and relative quiet.

Cons

Compact Square Footage: At 935 SF, the unit's size for a 2-bedroom, 2-bathroom layout may be considered compact by some buyers, potentially limiting spaciousness.
Building Age & Unspecified Common Area Condition: Built in 1990, the building is over 30 years old. While the unit is upgraded, the description does not detail the condition or recent upgrades of the common areas or building systems, which could imply potential future assessments or maintenance.
Potential for Urban Noise: Despite being 'tucked away,' its location at the Northwest corner of Wilshire Blvd & Western Ave, a major intersection, suggests potential exposure to significant urban noise from traffic and surrounding commercial activity.

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