
Los Angeles, California 90005
This Stunning Penthouse Condominium is a Strong Value Opportunity, listed at $670,000—positioned well above the $628,635 Fair Market Value by 6%. While priced at a premium, the property offers a Good Condition Rating and a unique, versatile loft layout. Residents enjoy resort-style amenities, including a rooftop pool, jacuzzi, and panoramic city views. Its prime location near Wilshire Boulevard provides exceptional urban connectivity. This turnkey residence is an ideal acquisition for Owner-Occupants seeking a luxury lifestyle or urban professionals desiring a high-amenity home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 S Gramercy Place 432 Subject 2 bd · 2 ba · 1,055 sqft · $596 | $670,000* List Price | 2 | 2 | 1,055 | $596 | - |
A 620 S Gramercy Place 105 Sold 2 bd · 2 ba · 935 sqft · $639 · 0.0 mi | $597,000 | 2 | 2 | 935 | $639 | 0.0 mi |
B 871 S Lucerne 2 Sold 2 bd · 2 ba · 1,136 sqft · $599 · 0.8 mi | $680,000 | 2 | 2 | 1,136 | $599 | 0.8 mi |
C 733 S Manhattan Place 402 Sold 2 bd · 2 ba · 1,150 sqft · $530 · 0.3 mi | $610,000 | 2 | 2 | 1,150 | $530 | 0.3 mi |
D 861 S Windsor Boulevard 103 Sold 2 bd · 2 ba · 1,194 sqft · $570 · 0.7 mi | $680,000 | 2 | 2 | 1,194 | $570 | 0.7 mi |
E 3855 Ingraham Street 204 Sold 3 bd · 2 ba · 1,250 sqft · $572 · 0.2 mi | $715,000 | 3 | 2 | 1,250 | $572 | 0.2 mi |
F 620 S Gramercy Place 234 Sold 1 bd · 1 ba · 670 sqft · $709 · 0.0 mi | $475,000 | 1 | 1 | 670 | $709 | 0.0 mi |
G 733 S Manhattan Place 604 Sold 2 bd · 2 ba · 1,130 sqft · $593 · 0.3 mi | $670,000 | 2 | 2 | 1,130 | $593 | 0.3 mi |
H 815 S Harvard 302 Sold 2 bd · 2 ba · 1,090 sqft · $505 · 0.6 mi | $550,000 | 2 | 2 | 1,090 | $505 | 0.6 mi |
I 733 S Manhattan Place 405 Active 2 bd · 2 ba · 1,140 sqft · $575 · 0.3 mi | $655,000 List Price | 2 | 2 | 1,140 | $575 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990 (34 years old), the property is categorized as Good because it is well-maintained and presented as move-in ready. The interior features updated bathroom vanities, modern fixtures, and clean finishes that suggest partial renovations within the last 5-15 years, elevating it above the 'Fair' category despite its chronological age.
This top-floor unit features soaring vaulted ceilings and a versatile upper-level loft, providing a sense of volume and additional functional space rarely found in standard condominiums.
The building offers a premium lifestyle package including a rooftop pool and jacuzzi with panoramic DTLA views, a fitness center, dry saunas, and 24-hour on-site security.
Located just off Wilshire Boulevard, the property boasts a high walkability score with immediate access to the Metro Red Line, world-class dining, and two rare secure parking spaces.
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.
Despite having two bedrooms and a loft, the residence only features one bathroom, which may limit appeal for roommates or families seeking more privacy and convenience.
The two designated parking spaces are in a tandem configuration, requiring logistical coordination between drivers, which is less desirable than side-by-side parking.
Welcome home to this stunning, top-floor penthouse unit in the highly sought-after Gramercy Place condominium complex. Spanning an impressive 1,055 square feet of contemporary living space, this unique 2-bedroom, 1-bathroom residence seamlessly combines urban convenience with resort-style luxury. Step inside to discover a bright and airy open layout featuring soaring vaulted ceilings and a cozy living room fireplace perfect for relaxing. Slide open the glass doors to step onto your private balcony, an ideal spot for enjoying your morning coffee or evening city views. The standout feature of this rare floor plan is the versatile upper-level loft space perfect for a home office, creative studio, or additional media room. The home is complete with a thoughtful split-bedroom floor plan for ultimate privacy, central heating and air conditioning. This unit also includes two secure, designated tandem parking spaces in a controlled-access garage, a massive premium for the neighborhood.Living at Gramercy Place means enjoying premier, resort-like amenities. Residents can unwind by the sparkling rooftop pool and jacuzzi while taking in sweeping panoramic views of the Downtown LA skyline and the Hollywood Hills from the expansive rooftop deck. You can also stay active in the well-equipped fitness center, relax in the building's dry saunas, and enjoy total peace of mind with 24-hour on-site security, controlled access, and modern EV charging stations.Perfectly situated just off Wilshire Boulevard, you are right in the middle of all the action. Walk to world-class dining, eclectic coffee shops, markets, the historic Wiltern Theatre, and the Metro Red Line for effortless commuting across Los Angeles. Don't miss the chance to own or lease this turnkey penthouse gem in one of LA's most vibrant neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,055 | 1,252.996 |
| Lot Size | 51,555 | 26,029.603 |
| Price | $670.0K | $778.5K |
| Price per sq ft | $635 | $629 |
| Built year | 1990 | 1981 |
| HOA | $458.0 | $676 |
| Days on market | 49 | 74 |
Sep 21, 2026
$670,000
Initial Listing
Jul 29, 2005
$551,000
Public Record
May 2, 2005
$400,000
Public Record