620 S Gramercy Place 239, Los Angeles, California 90005, Los Angeles, 90005 - 1 bed, 1 bath
620 S Gramercy Place 239
Los Angeles, California 90005
Property Price
SUMMARY
Analysis of 620 S Gramercy Place 239, Los Angeles, California 90005 is currently available with a list price of $495,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Despite being built in 1990, the unit has undergone a very recent and extensive renovation. The description explicitly states 'updated kitchen and bathroom, new carpet, new appliances.' The images confirm a modern, high-quality kitchen with white shaker cabinets, white quartz countertops, new stainless steel appliances, and modern black fixtures. The bathroom also features contemporary white vanity, black fixtures, and new blue subway tile in the shower. The flooring (new carpet and light wood-look laminate) and lighting (recessed and modern pendants) are all new and meet current quality standards, indicating the unit is virtually new inside.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Updates
The unit boasts an updated kitchen and bathroom, new carpet, and new appliances, offering a move-in ready and contemporary living experience.
- Premium Building Amenities
The well-maintained building provides exceptional amenities including a fitness center with a dry sauna, a rooftop swimming pool and jacuzzi, on-site security, and convenient guest parking, enhancing resident lifestyle.
- Desirable Los Angeles Location
Located in the sought-after Hancock Park-Wilshire area of Los Angeles, offering a central and attractive address with good access to city conveniences.
CONSRISKS & DEFICIENCIES
- Recent Price Reductions
Multiple price adjustments from the original listing price indicate potential overpricing or market resistance, which could affect buyer perception.
- Significant Monthly Association Fee
A $450 monthly association fee adds a substantial recurring cost to ownership, which may impact affordability for some prospective buyers.
- Limited View
While a view is present, the 'Courtyard' view is typically less desirable than city, ocean, or panoramic views, potentially limiting its premium appeal.
About 620 S Gramercy Place 239
This spacious 1-bedroom, 1-bathroom unit offers an open floor plan, a generously sized bedroom, an updated kitchen and bathroom, new carpet, new appliances, and a private balcony. The well-maintained building features a fitness center with a dry sauna, a rooftop swimming pool and jacuzzi, on-site security, and convenient guest parking.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 51,555 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $450.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 25% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 690 | 1,286 | 6% |
| Lot Size | 51,555 | 26,266 | 88% |
| Price | $495.0K | $695.0K | 19% |
| Price per sq ft | $717 | $550 | 94% |
| Built year | 1990 | 1986 | 50% |
| HOA | $450.0 | $538 | 31% |
| Days on market | 134 | 198 | 38% |
Pricing History
Listed for Sale
Jan 8, 2026
$495,000
$510,000
-3% Price Drop
Initial Listing
Price Change
Dec 30, 2025
$510,000
$525,000
-3% Price Drop
Initial Listing
Price Change
Oct 23, 2025
$525,000
Initial Listing
Sold
Dec 2, 2024
$458,000
Public Record
Sold
Dec 4, 2020
$430,000
Public Record
Sold
Nov 29, 2010
$165,000
Public Record
Sold
Nov 30, 2005
$325,000
Public Record