8725 S Gramercy Place, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
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Los Angeles, California 90047
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $768,000—positioned well above the $628,187 Fair Market Value by -22%. While priced above market, the property features a Condition Rating of 3, boasting recent upgrades like a 200-amp panel, central HVAC, and sound-reducing windows. The large 6,858 sqft lot offers significant ADU & Expansion Potential, making this a strategic asset for Buy-and-Hold Investors or first-time buyers seeking a turnkey home with long-term income-generating capabilities near major employment hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8725 S Gramercy Place Subject | $768,000* List Price | 3 | 2 | 1,374 | $457 | - |
A 9801 S Hobart Boulevard Sold | $861,000 | 3 | 2 | 1,530 | $563 | 0.9 mi |
B 1901 W 77th Sold | $700,000 | 3 | 1 | 1,296 | $540 | 0.8 mi |
C 1418 W 93rd Sold | $560,000 | 3 | 2 | 1,322 | $424 | 0.9 mi |
D 8758 S Hobart Sold | $845,000 | 3 | 2 | 1,610 | $525 | 0.4 mi |
E 1937 W 80th Street Sold | $800,000 | 3 | 2 | 1,556 | $514 | 0.6 mi |
F 1629 W 80th Sold | $640,000 | 3 | 2 | 1,519 | $421 | 0.8 mi |
G 2040 W 82nd Street Sold | $669,000 | 3 | 2 | 1,328 | $504 | 0.4 mi |
H 1449 W 81st Street Sold | $550,000 | 3 | 1 | 1,156 | $476 | 0.9 mi |
I 1838 W 85th Street Active | $700,000 List Price | 3 | 2 | 1,356 | $516 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the 1939 structure is old, the property has undergone significant recent system upgrades including a new 200-amp electrical panel and central HVAC. The interior is move-in ready with new carpeting, laminate flooring, and fresh paint. Although the kitchen and one bathroom retain vintage elements (reglazed countertops and original tile), the overall maintenance and functional improvements to windows and doors meet the 'Good' criteria.
High School: Middle College High School (9/10).
The home is move-in ready with significant recent improvements, including central HVAC, sound-reducing windows, and updated flooring, offering immediate comfort and reduced maintenance costs.
Situated on a generous 6,858 sqft lot with an upgraded 200-amp electrical panel, the property provides an excellent foundation for a Junior ADU or future expansion to increase property value and rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The local public schools assigned to this address have low performance ratings, ranging from 1 to 3, which may be a significant drawback for families prioritizing education.
The property does not offer any notable views, which may limit its aesthetic appeal compared to other residential options in the broader Los Angeles market.
Welcome to this beautifully updated home in the heart of Los Angeles, offering comfort, style, and exceptional potential on a spacious lot. Ideally located just minutes from SoFi Stadium, Kia Forum, and Los Angeles International Airport, this move-in-ready residence provides convenient access to shopping, dining, entertainment, and major transportation corridors. Inside, you'll find numerous recent upgrades including fresh interior paint, new carpeting, attractive laminate flooring, reglazed kitchen countertops, recessed lighting, central heating and air conditioning, and sound-reducing windows and doors for enhanced interior comfort. The functional floor plan offers comfortable living spaces filled with natural light and a welcoming atmosphere throughout. Situated on a large lot, the property presents exciting possibilities for future expansion, including potential Junior ADU development (buyer to verify with applicable agencies). An upgraded 200-amp electrical panel provides ample power capacity and an excellent foundation for a future Junior ADU or other expansion projects. Whether you're a first-time buyer, investor, or looking for a home with additional income potential, this property offers flexibility and value. ("Buyers may qualify for $15K in closing cost assistance and low/no down payment financing due to property location - ask for details." With its excellent condition, modern updates, generous lot size, and prime location near major employment centers, sports venues, shopping, and dining, this is an outstanding opportunity to own a turnkey Los Angeles home. With its excellent condition, modern updates, generous lot size, and prime location near major employment centers, sports venues, shopping, and dining, this is an outstanding opportunity to own a turnkey Los Angeles home.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,374 | 1,672 |
| Lot Size | 6,858 | 6,067 |
| Price | $768.0K | $1.37M |
| Price per sq ft | $559 | $801 |
| Built year | 1939 | 1939 |
| HOA | $0 | $348 |
| Days on market | 29 | 56 |
Jun 23, 2026
$768,000
Initial Listing