620 S Gramercy Place 320, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath

620 S Gramercy Place 320, Los Angeles, California 90005 home-pic-0

620 S Gramercy Place 320

Los Angeles, California 90005

ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,038Sq Ft
51,555Lot Size

Property Price

LIST PRICE$615,000

SUMMARY

Analysis of 620 S Gramercy Place 320, Los Angeles, California 90005 is currently available with a list price of $615,000. 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

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and well-maintained. Although built in 1990, it features recent cosmetic updates including fresh paint and new carpeting (February 2026). The kitchen is updated with granite countertops and stainless steel appliances, and the unit features modern recessed lighting. While it lacks in-unit laundry, the overall condition of the living spaces, bathrooms, and building amenities reflects a high level of upkeep consistent with the 'good' category.

PROSSTRENGTHS & OPPORTUNITIES

  • Exceptional Value & Layout

    As the lowest-priced 2-bedroom in the building with a spacious split floor plan, this unit offers significant value and excellent privacy for roommates or a home office.

  • Premium Building Amenities

    The building features 24/7 security and impressive rooftop amenities, including a pool, spa, and sundeck with panoramic city views, enhancing the urban lifestyle.

  • Prime Central Location

    Located in the Hancock Park/Wilshire area, the property offers superb access to the Wilshire/Western station, Larchmont Village, and a variety of local dining and shopping.

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.

  • Tandem Parking

    The two assigned parking spaces are in a tandem arrangement, which can be a daily inconvenience for multi-car households requiring frequent vehicle access.

  • Shared Laundry Facilities

    The unit lacks in-unit laundry, requiring residents to use the communal laundry rooms located on each floor, which may be a drawback for some modern buyers.

About 620 S Gramercy Place 320

Lowest Priced 2-bedroom in Gramercy Place and also one of the larger layouts in the building. West-Facing exposure brings in gorgeous afternoon sunlight, filling the living spaces with warm natural light. The spacious living room features a fireplace and opens to a private west-facing balcony through a large sliding glass door, with views of the hills to the north and city lights to the south. Recessed lighting throughout enhances the bright, open feel of the home. Freshly painted with new carpeting installed in February 2026, the unit is beautifully presented and ready for its next owner. The split floor plan provides excellent separation between the bedrooms, each with its own full bathroom ideal for guests, roommates, or a home office while maintaining privacy. The primary suite includes a walk-in closet, and an additional walk-in closet off the entry offers valuable extra storage. Built-in cabinetry outside the primary suite and second bedroom provides even more storage rarely found in comparable units. The dining area features a striking chandelier and opens to the kitchen, which includes stainless steel appliances, granite countertops, a gas range, generous counter space, a breakfast bar, and ample cabinetry. Gramercy Place is a well-maintained building offering a full set of amenities. Residents are greeted by a generous lobby with seating areas and access to the mail room and elevators. Each floor has its own laundry room, and the building is staffed with a 24/7 security guard. The fully outfitted fitness center includes a wide range of equipment, two saunas, and a shower. The rooftop amenities are a standout feature, with a pool, spa, expansive sundeck with lounge chairs, covered seating area, outdoor dining table, bathroom, and sweeping city views.Two tandem parking spaces are included in the secured garage, along with guest parking for visitors.Located just north of Wilshire Boulevard in Hancock Park near the Wilshire/Western station, with convenient access to H Mart, restaurants, cafes, and everyday services. Close to Larchmont Village, Downtown Los Angeles, and the Westside. Please check out the Matterport Tour!

Property Details

Public Facts

Property Type
Condominium
Year Built
1990
Lot Size
51,555 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$458.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,0381,286
25%
Lot Size51,55526,266
88%
Price$615.0K$695.0K
25%
Price per sq ft$592$550
81%
Built year19901986
50%
HOA$458.0$538
31%
Days on market3199
6%

Pricing History

Listed for Sale

Mar 4, 2026

$615,000

Initial Listing

Sold

Mar 23, 2018

$585,000

Public Record

Sold

Oct 31, 2006

$485,000

Public Record

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