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620 S Gramercy Place 415, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath

620 S Gramercy Place 415, Los Angeles, California 90005 home-pic-0
ACTIVE$658,000
620 S Gramercy Place 415, Los Angeles, California 90005
2Beds
2Baths
1,053Sqft
51,555Lot
Year Built
1990
Close
-
List price
$658K
Original List price
$673K
Price/Sqft
$625
HOA
$458
Days on market
-
Sold On
-
MLS number
25563775
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $658.0K(35th), sqft - 1053(35th), beds - 2(50th), baths - 2(50th).

Penthouse perfection 2 Bedrooms 2 Bathrooms and LOFT awaits in the heart of Koreatown, where urban elegance meets resort-style living, NEW PAINT, TURNKEY home with 24 HOUR SECURITY. This stunning top-floor unit offers an elevated Los Angeles lifestyle in one of the area's most desirable HOTEL-LIKE amenities. Situated in the vibrant Mid-Wilshire/Hancock Park corridor, it's just steps away from acclaimed restaurants, stylish cafes, boutique markets, and a cutting-edge movie theater while also being near Wilshire Country Club, Hancock Park, Larchmont Village, Downtown LA, The Grove, Beverly Hills, renowned schools, and public transit. The interior features two spacious bedrooms, two full bathrooms, a versatile loft, and a walk-in close tall enhanced by sleek laminate flooring, contemporary lighting, and stainless steel appliances. Residents enjoy luxurious amenities including a rooftop deck with pool and hot tub, panoramic city views, spa-style shower rooms, a fully equipped fitness center, on-site management, and guest parking. This alluring property offers a peaceful retreat tucked away from high-traffic roads, blending convenience with quiet comfort, an ideal opportunity for buyers seeking location, lifestyle, and turn-key ease, assuring a lifestyle of charm and ease. Don't miss your chance to call this exceptional urban haven home.

Price History

Date
Event
Price
11/22/25
Price Change
$658,000-1.1%
10/15/25
Price Change
$665,000-1.2%
07/30/25
$673,000
08/12/13
Sold
$435,000
07/23/10
Sold
$335,000
04/25/05
Sold
$469,000
Condition Rating
Good
The property, built in 1990, is presented as 'TURNKEY' with 'NEW PAINT' and 'sleek laminate flooring,' which are recent and significant cosmetic updates. The kitchen features modern-style white cabinets, granite countertops, and stainless steel appliances (refrigerator, dishwasher, microwave), though the gas range appears older. Bathrooms are clean and functional with updated tile and vanities, suggesting a renovation within the last 10-15 years. While not all components are brand new, the overall condition is move-in ready with well-maintained systems and no immediate renovation required, aligning with the 'Good' criteria for a property extensively renovated within 5 to 15 years.
Pros & Cons

Pros

Prime Location & Accessibility: Situated in the heart of Koreatown within the vibrant Mid-Wilshire/Hancock Park corridor, offering immediate access to acclaimed dining, cafes, markets, entertainment, and proximity to major LA landmarks and public transit.
Extensive Resort-Style Amenities: Features 'hotel-like' amenities including a rooftop deck with pool and hot tub, panoramic city views, spa-style shower rooms, a fully equipped fitness center, on-site management, and guest parking.
Turnkey & Updated Interior: A 'turnkey' penthouse unit with new paint, sleek laminate flooring, contemporary lighting, and stainless steel appliances, requiring minimal immediate investment from the buyer.
Penthouse Unit with Versatile Loft: As a top-floor penthouse, it offers elevated living and includes a versatile loft space, providing additional functional area beyond the two bedrooms and two bathrooms.
Enhanced Security & Peaceful Environment: Benefits from 24-hour security and is described as a 'peaceful retreat tucked away from high-traffic roads,' blending urban convenience with quiet comfort.

Cons

Significant Association Fees: The monthly association fee of $458.0 is a notable ongoing cost that can impact a buyer's overall affordability and long-term budget.
Recent Price Reductions: The property has undergone multiple price reductions from its original listing, which could indicate initial overpricing or challenges in attracting buyers at previous price points.
Compact Living Space for Price Point: At 1053 sqft for a 2-bedroom, 2-bathroom unit with a loft, the living space might be considered compact by some buyers, especially given the 'penthouse' designation and list price.

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