620 S Gramercy Place 229, Los Angeles, California 90005, Los Angeles, 90005 - bed, 1 bath
620 S Gramercy Place 229
Los Angeles, California 90005
Property Price
SUMMARY
Analysis of 620 S Gramercy Place 229, Los Angeles, California 90005 is currently available with a list price of $376,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is in turnkey, move-in ready condition with several modern updates. It features fresh interior paint, contemporary wood-style laminate flooring, and an updated kitchen equipped with stainless steel appliances and stone countertops. While the building was constructed in 1990, the unit has been well-maintained and renovated to avoid the 'outdated' feel typical of its age, though it does not meet the 'excellent' criteria of a brand-new or total gut-renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the heart of the Koreatown/Mid-Wilshire corridor, the property offers exceptional walkability to vibrant dining, cafes, and entertainment, with easy access to Hancock Park and Downtown LA.
- Resort-Style Amenities
The building provides a high-end lifestyle with 24-hour security, a rooftop deck featuring a pool and hot tub with panoramic views, a fitness center, and rare guest parking.
- Turnkey Condition
The residence is move-in ready with fresh new paint and an updated, light-filled open layout that maximizes the east-facing orientation and private balcony views.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Limited Square Footage
At only 482 square feet, the compact living space may be restrictive for buyers seeking more room or those with significant storage requirements.
- High HOA Fees
The $444 monthly association fee is relatively high for a unit of this size, which may impact the overall monthly affordability for budget-conscious buyers.
About 620 S Gramercy Place 229
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.
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 | $376.0K | $695.0K | 6% |
| Price per sq ft | $780 | $550 | 94% |
| Built year | 1990 | 1986 | 50% |
| HOA | $444.0 | $538 | 31% |
| Days on market | 38 | 198 | 13% |
Pricing History
Listed for Sale
Jan 27, 2026
$376,000
Initial Listing
Sold
Jan 26, 2006
$300,000
Public Record
Sold
Oct 6, 2005
$239,000
Public Record