620 S Gramercy Place 126, Los Angeles, California 90005, Los Angeles, 90005 - 1 bed, 1 bath
ACTIVE$479,000
620 S Gramercy Place 126, Los Angeles, California 90005
1Bed
1Bath
678Sqft
51,555Lot
Year Built
1990
Close
-
List price
$479K
Original List price
$595K
Price/Sqft
$706
HOA
$431
Days on market
-
Sold On
-
MLS number
SB24211781
Home ConditionGood
Features
Good View: Courtyard
Pool
Spa
ViewCourtyard
About this home
We found 3 Cons,5 Pros. Rank: price - $479.0K(18th), sqft - 678(12th), beds - 1(29th), baths - 1(24th).
Welcome to the desirable center of Koreantown near Hancock Park. This 1st-level condo is desirably located near Wilshire and Western, conveniently close to shopping, entertainment, dining, and cafe experiences, such as Madang Mall with CGV theaters. This exceptional 1st level condo includes a 1-bedroom with a walk-in closet and 1 bathroom, and features engineered wood floor throughout the unit. This gated community includes on-site security, guest parking, fitness center, rooftop pool, and hot tub.
Price History
Date
Event
Price
07/05/19
Sold
$430,000
04/15/16
Sold
$332,000
08/30/13
Sold
$190,000
11/07/05
Sold
$365,000
Condition Rating
Good
Built in 1990, this condo is well-maintained and move-in ready. It features desirable engineered wood flooring throughout, which is a significant and relatively recent update. The kitchen boasts modern stainless steel appliances, though the wood-tone flat-panel cabinets and granite countertops, while clean and functional, reflect a style that is likely 15-20 years old. The bathroom is also clean and functional, with a potentially updated vanity, but the large wall mirror and tub/shower area show signs of age. Overall, the property has seen substantial updates (flooring, appliances) that make it very comfortable and appealing, without requiring immediate renovations, fitting the 'Good' condition criteria.
Pros & Cons
Pros
Exceptional Location: Prime Koreatown location near Hancock Park, offering unparalleled access to diverse shopping, dining, and entertainment options, including Madang Mall with CGV theaters.
Extensive Community Amenities: The gated community boasts on-site security, guest parking, a fitness center, a rooftop pool, and a hot tub, providing a resort-like living experience.
Modern Interior Features: The unit features desirable engineered wood flooring throughout and a practical walk-in closet, enhancing its aesthetic appeal and functionality.
Enhanced Security & Convenience: The gated community with on-site security offers peace of mind, while guest parking is a valuable asset in a dense urban environment.
Significant Price Reduction: A substantial price drop from the original list price of $595,000 to $479,000 indicates a motivated seller and potential value for buyers.
Cons
Compact Living Space: At 678 sqft, the 1-bedroom unit offers limited living space, which may not suit buyers seeking more expansive accommodations.
High Monthly Association Fee: The $431.0 monthly association fee is considerable for a unit of this size, adding a significant recurring cost to homeownership.
First-Level Location: As a 1st-level condo, it may present concerns regarding privacy, natural light, and potential noise compared to units on higher floors, despite having a courtyard view.