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741 1/2 N Gramercy, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 4 bath

741 1/2 N Gramercy, Los Angeles, California 90038 home-pic-0
ACTIVE$1,450,000$2,267/sqft
Est. Value: $1,399,357
-3%
AboveEstimate
741 1/2 N Gramercy, Los Angeles, California 90038
3Beds
4Baths
2,267Sqft
1,704Lot

Price Vs. Estimate

The estimated value ($1,399,357.4) is $50,642.6 (3%) lower than the list price ($1,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
Modern Construction & Turn-Key Condition: Built in 2019, this is a beautiful turn-key house with a freshly painted interior, signifying minimal immediate maintenance or renovation needs for a new owner.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1704, living area = 2267.

Compared to the nearby listings

Price:$1.45M vs avg $1.18M (+$275,000)86%
Size:2,267 sqft vs avg 1,864 sqft79%
Price/sqft:$640 vs avg $62464%

More Insights

Built in 2019 (7 years old).
Condition: This property, built in 2019, is virtually new and in impeccable condition. It features a modern 'chef's kitchen' with high-end Thermador appliances, sleek white cabinetry, and quartz countertops. The bathrooms are equally contemporary, showcasing modern vanities, fixtures, and large format tiling. High-quality wood flooring, LED lighting, Fleetwood Windows, and 'Control 4' smart-home technology throughout underscore its excellent, move-in ready status with no signs of deferred maintenance or depreciation.
Year Built
2019
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$640
HOA
$103
Days on market
-
Sold On
-
MLS number
NP26007132
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Hills, Panoramic
Spa
ViewCity Lights,Canyon,Hills,Panoramic

About this home

Welcome to 741 ½ N Gramercy Place, a beautiful turn-key house in East Hollywood. Built in 2019, and sharing no common walls with other units, this 3 bed/3.5 bath 2267 SF home offers a spacious open floor plan with high ceilings plus a massive rooftop patio. With floor-to-ceiling windows plus the expansive private patio, this home provides panoramic views of Los Angeles, including landmarks such as the iconic Hollywood Sign, downtown LA, and West Hollywood. The home is equipped with “Control 4” smart-home technology with upgraded speakers; two on the first floor, and two on the roof. With a chef’s kitchen, high-tech wiring, and ample room for seating, dining, and relaxation, the home is ideal for sophisticated entertaining. It includes a direct 2-car side by side parking garage, and has freshly painted interior. Abundant quality features such as solid mahogany 8-foot entry doors, Fleetwood Windows, sliding doors, LED lighting, wood floors and staircases, and kitchens equipped with Thermador appliances. Conveniently located close to some of the best shopping and dining in LA (a few minutes to Korean Town and Thai Town), as well as local hiking trails and nightlife in Hollywood. It’s a must-see!

Y
Yuefang Ryono
Listing Agent
Condition Rating
Excellent
This property, built in 2019, is virtually new and in impeccable condition. It features a modern 'chef's kitchen' with high-end Thermador appliances, sleek white cabinetry, and quartz countertops. The bathrooms are equally contemporary, showcasing modern vanities, fixtures, and large format tiling. High-quality wood flooring, LED lighting, Fleetwood Windows, and 'Control 4' smart-home technology throughout underscore its excellent, move-in ready status with no signs of deferred maintenance or depreciation.
Pros & Cons

Pros

Modern Construction & Turn-Key Condition: Built in 2019, this is a beautiful turn-key house with a freshly painted interior, signifying minimal immediate maintenance or renovation needs for a new owner.
Panoramic Views & Rooftop Patio: The property boasts a massive rooftop patio and offers stunning panoramic views of Los Angeles, including iconic landmarks like the Hollywood Sign, downtown LA, and West Hollywood, ideal for entertaining and lifestyle.
High-End Finishes & Smart Home Technology: Equipped with quality features such as solid mahogany 8-foot entry doors, Fleetwood Windows, wood floors, Thermador appliances in the chef's kitchen, and 'Control 4' smart-home technology, indicating luxury and modern convenience.
Prime East Hollywood Location: Conveniently located just minutes from some of LA's best shopping, dining (Korean Town, Thai Town), local hiking trails, and Hollywood nightlife, offering excellent access to urban amenities and entertainment.
Spacious Open Floor Plan & Privacy: Features a spacious open floor plan with high ceilings and the benefit of sharing no common walls with other units, providing a desirable living environment with enhanced privacy.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1704, living area = 2267.
Small Lot Size: The 1,704 sqft lot is relatively small for a property classified as a 'Single Family Residence,' which may limit traditional outdoor yard space beyond the rooftop patio.
Association Fee: There is an ongoing $103.0 monthly association fee, which adds to the recurring costs of homeownership and implies shared community governance, a factor some buyers of a detached home might prefer to avoid.
Urban Density & Address Implication: While the location offers convenience, the urban setting in East Hollywood and the '1/2' in the address could suggest a higher density living environment, potentially raising concerns about privacy, noise, or the property's specific placement on a potentially shared or subdivided lot.
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