821 S Gramercy Place 2, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 3 bath
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Los Angeles, California 90005
This Turnkey Koreatown Townhome is a Strong Value Opportunity, listed at $895,000—positioned well below the $906,027 Fair Market Value by 1.2%. This valuation gap offers $11,027 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a new HVAC system and Brazilian cherrywood floors, this property offers a sophisticated urban lifestyle. Its versatile bonus space and central location near the Wiltern Theatre make it an ideal choice for first-time buyers or urban professionals seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 821 S Gramercy Place 2 Subject | $895,000* List Price | 3 | 3 | 1,631 | $556 | - |
A 4370 W 8th Active | $735,000 List Price | 3 | 3 | 1,445 | $509 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003 (21 years old), the property is exceptionally well-maintained and move-in ready. It features a brand new HVAC system, new stainless steel appliances, fresh paint, and recessed lighting. While the structure is just over 20 years old, the recent system updates and mint interior condition elevate it above the 'Fair' category.
The private two-car garage leads into a dedicated bonus room, providing a rare and flexible area perfect for a home office, gym, or creative studio.
Situated in the heart of Koreatown near the Wiltern Theatre and Larchmont Village, the property offers exceptional walkability to premier dining, shopping, and cultural landmarks.
The home is move-in ready with high-value improvements including a new HVAC system, new stainless steel appliances, Brazilian cherrywood floors, and a relatively low HOA fee.
The property was recently sold within the past year on 2025-09-09. The sold price is $800,000.00.
While the unit features balconies, it lacks a private yard or significant outdoor footprint, which may be a disadvantage for buyers with pets or those seeking garden space.
Located in a high-traffic metropolitan area, the property may experience typical urban noise and challenges with guest parking due to its proximity to major commercial hubs.
Rare Koreatown townhome that truly lives like a single-family home. Enter through your private two-car garage into a versatile bonus space perfect for a home office, gym, creative studio, or flex room.The main living level is bright and welcoming, featuring an east-facing living room with balcony, dedicated dining area, kitchen with new stainless steel appliances, and powder room. Upstairs, all three bedrooms are thoughtfully tucked away, including a primary suite with high ceilings and a private balcony overlooking a beautiful maple tree.Additional features include Brazilian cherrywood floors, fresh paint, recessed lighting, updated appliances, a new HVAC system, and full-sized washer and dryer.Centrally located near the iconic Wiltern Theatre, H Mart, and just minutes from Hancock Park and Larchmont Village with some of the best dining, culture, and city life LA has to offer right outside your door.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 2003 | - | 0% |
| HOA | $231.0 | $0 | 0% |
| Days on market | - | - | 0% |
May 25, 2026
$895,000
Initial Listing
Sep 9, 2025
$800,000
Public Record
Mar 25, 2015
$611,000
Public Record
Feb 16, 2005
$560,000
Public Record