620 S Gramercy Place 222, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath
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Los Angeles, California 90005
This Well-Maintained Koreatown Condominium is listed at $599,990, representing a stable acquisition price aligned with recent building sales despite a $553,063 Fair Market Value. Holding a Condition Rating of 4, the residence offers a functional split-bedroom layout with significant potential for forced appreciation through cosmetic modernization of its 90s-era finishes. The urban lifestyle is defined by premium amenities, including a rooftop pool and spa with panoramic city views and 24-hour security. Located steps from Wilshire Blvd, this is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a high-demand urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 S Gramercy Place 222 Subject | $599,990* List Price | 2 | 2 | 979 | $565 | - |
A 620 S Gramercy Place 105 Sold | $597,000 | 2 | 2 | 935 | $639 | 0.0 mi |
B 620 S Gramercy Place 415 Sold | $620,000 | 2 | 2 | 1,053 | $589 | 0.0 mi |
C 733 S Manhattan Place 401 Sold | $619,900 | 2 | 2 | 1,090 | $569 | 0.3 mi |
D 729 S Hobart Boulevard 19 Sold | $497,400 | 2 | 1 | 965 | $515 | 0.5 mi |
E 631 S Kenmore 406 Sold | $590,000 | 2 | 2 | 1,199 | $492 | 0.9 mi |
F 620 S Gramercy Place 122 Active | $649,000 List Price | 2 | 2 | 979 | $663 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property falls into the >20y category. While the description notes it is well-maintained, the images show dated finishes such as older carpeting and 90s-era architectural details. The kitchen and baths likely require modernization, and systems are approaching the end of their typical lifecycle.
Situated in a highly walkable area near Wilshire Blvd, providing immediate access to world-class dining, shopping, and public transportation.
Residents benefit from premium building features including a rooftop pool and spa, fitness center, sauna, and rare guest parking in a dense urban area.
The split-bedroom floor plan maximizes privacy, making it an ideal configuration for roommates, guests, or a dedicated home office.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =51555, other record lot size in square feet = 51475.
Built in 1990, the unit and common areas may lack the ultra-modern finishes and energy efficiencies found in newer luxury developments nearby.
The $458 monthly association fee adds a significant recurring expense to the ownership cost, which may impact affordability for some buyers.
Welcome to Gramercy Place, a well-maintained condominium community in the heart of Koreatown. This 2-bedroom, 2-bath residence offers a functional floor plan with comfortable living and dining areas, well-proportioned bedrooms, and excellent potential for both owner-users and investors. Enjoy the convenience of city living with access to desirable community amenities including a rooftop pool and spa, fitness center, sauna, secured access, on-site security, and guest parking. Centrally located near Wilshire Blvd, dining, shopping, markets, cafes, and public transportation, this home offers exceptional accessibility in one of Los Angeles' most vibrant neighborhoods. The home features a practical and inviting layout with spacious living areas, comfortable bedrooms, and a desirable split-bedroom style feel ideal for privacy, roommates, or a home office setup. Must see to appreciate!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 979 | 1,210 | 21% |
| Lot Size | 51,555 | 26,266 | 79% |
| Price | $600.0K | $680.0K | 26% |
| Price per sq ft | $613 | $554 | 79% |
| Built year | 1990 | 1990 | 50% |
| HOA | $458.0 | $530 | 37% |
| Days on market | 4 | 162 | 5% |
Apr 27, 2026
$599,990
Initial Listing
Nov 10, 2005
$490,000
Public Record