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
Property Price
SUMMARY
Analysis of 620 S Gramercy Place 415, Los Angeles, California 90005 is currently available with a list price of $638,000. 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 move-in ready, turnkey condition with several recent cosmetic updates. It features new paint, modern laminate flooring throughout, and updated contemporary light fixtures. The kitchen is well-maintained with stainless steel appliances and stone countertops, and the bathrooms feature updated vanities. While the building dates back to 1990, the unit shows minimal wear and tear and aligns with the 'good' criteria for a well-maintained home that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Penthouse Layout with Loft
As a top-floor penthouse featuring a versatile loft and high ceilings, this unit offers a sense of volume and architectural interest rarely found in standard floor plans.
- Modern Infrastructure
The inclusion of a dedicated EV charger in the parking area is a significant value-add for Los Angeles buyers, catering to the growing demand for sustainable transit.
- Comprehensive Amenities
The building provides a resort-style experience with 24-hour security, a rooftop pool and spa with panoramic views, a fitness center, and rare guest parking.
CONSRISKS & DEFICIENCIES
- Market Stagnation
The property has undergone five consecutive price reductions since its original listing, which may signal to buyers that it was initially overpriced or has faced low demand.
- Building Age
Constructed in 1990, the building's core infrastructure and common areas may soon require more intensive maintenance or modernizing compared to newer luxury developments.
- Compact Square Footage
At 1,053 square feet for a two-bedroom plus loft configuration, the individual living spaces and bedrooms may feel constrained for those seeking a more expansive layout.
About 620 S Gramercy Place 415
Penthouse perfection 2 Bedrooms 2 Bathrooms and LOFT with EV CHARGER parking 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.
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,053 | 1,286 | 25% |
| Lot Size | 51,555 | 26,266 | 88% |
| Price | $638.0K | $695.0K | 38% |
| Price per sq ft | $606 | $550 | 88% |
| Built year | 1990 | 1986 | 50% |
| HOA | $458.0 | $538 | 31% |
| Days on market | 219 | 218 | 56% |
Pricing History
Listed for Sale
Feb 5, 2026
$638,000
$648,000
-2% Price Drop
Initial Listing
Price Change
Jan 14, 2026
$648,000
$658,000
-2% Price Drop
Initial Listing
Price Change
Nov 22, 2025
$658,000
$665,000
-1% Price Drop
Initial Listing
Price Change
Oct 15, 2025
$665,000
$673,000
-1% Price Drop
Initial Listing
Price Change
Jul 30, 2025
$673,000
Initial Listing
Sold
Aug 12, 2013
$435,000
Public Record
Sold
Jul 23, 2010
$335,000
Public Record
Sold
Apr 25, 2005
$469,000
Public Record