620 S Gramercy Place 229, Los Angeles, California 90005, Los Angeles, 90005 - 0 bed, 1 bath
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Los Angeles, California 90005
This Turnkey Koreatown Studio is listed at $365,000, positioned below the $367,400 Fair Market Value by 1%. This competitive pricing offers $2,400 in Instant Equity in a high-demand market. Boasting a Condition Rating of 3, the unit features a renovated kitchen with granite counters, stainless steel appliances, and fresh paint. Residents enjoy luxury amenities including a rooftop pool and spa with panoramic city views, a fitness center, and 24-hour security. Located in the prime Mid-Wilshire corridor, this home offers a sophisticated lifestyle for urban professionals or first-time buyers seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 S Gramercy Place 229 Subject | $358,000* List Price | 0 | 1 | 482 | $743 | - |
A 620 S Gramercy Place 130 Active | $373,000 List Price | 0 | 1 | 482 | $774 | - |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in turnkey, move-in ready condition with significant updates that elevate it above its 1990 build year. The kitchen features contemporary granite countertops and stainless steel appliances, and the unit has been refreshed with new paint and clean carpeting. While the building is over 30 years old, the interior renovations and well-maintained resort-style amenities align with the 'good' criteria for a well-maintained, updated residence requiring no immediate work.
Situated in the heart of Koreatown near the Hancock Park corridor, this property offers exceptional walkability to trendy restaurants, Larchmont Village, and easy transit access to DTLA and Beverly Hills.
The residence features resort-style living with 24-hour security, a rooftop pool and spa with panoramic views, a fitness center, and the rare convenience of guest parking in a high-density area.
The unit is move-in ready with fresh paint and an east-facing orientation that provides excellent natural light while remaining positioned away from busy streets for a quiet, private atmosphere.
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.
With only 482 square feet of living area, the compact footprint may limit appeal for buyers seeking long-term versatility or dedicated space for a home office.
The $444 monthly association fee represents a significant carrying cost for a studio-sized unit, which may impact the debt-to-income ratio for first-time buyers or reduce net yields for investors.
Beautifully updated, light-filled residence located in the heart of Korea-town, offering a peaceful retreat within one of Los Angeles' most vibrant neighborhoods. Positioned on an east-facing orientation, the unit is bright and airy while enjoying open views away from busy streets, creating a quiet and private living experience.The open-concept layout is thoughtfully designed to maximize natural light and flow. A spacious living area opens to a charming balcony perfect for enjoying morning coffee, tending to a small planter garden, or ventilating the kitchen with ease. Fresh NEW PAINT and a true TURNKEY condition make this home move-in ready. This secure, hotel-style condominium community offers 24-hour security and resort-like amenities, including a rooftop deck with pool and hot tub, panoramic city views, spa-style shower rooms, a fully equipped fitness center, guest parking, and on-site management.Ideally situated in the Mid-Wilshire / Hancock Park corridor, just moments from popular restaurants, cafes, boutique markets, and a modern movie theater. Convenient access to Wilshire Country Club, Hancock Park, Larchmont Village, Downtown LA, The Grove, Beverly Hills, renowned schools, and public transportation.Perfect as a primary residence or investment opportunity. Don't miss this exceptional Korea-town gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 5% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 482 | 1,232 | 5% |
| Lot Size | 51,555 | 26,266 | 84% |
| Price | $358.0K | $690.0K | 5% |
| Price per sq ft | $743 | $554 | 95% |
| Built year | 1990 | 1990 | 50% |
| HOA | $444.0 | $540 | 21% |
| Days on market | 85 | 182 | 21% |
Apr 15, 2026
$358,000
$365,000
-2% Price Drop
Initial Listing
Mar 28, 2026
$365,000
$376,000
-3% Price Drop
Initial Listing
Jan 27, 2026
$376,000
Initial Listing
Jan 26, 2006
$300,000
Public Record
Oct 6, 2005
$239,000
Public Record