957 S Gramercy 203, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 2 bath
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957 S Gramercy 203
Los Angeles, California 90019
ACTIVE
CONDITION: FAIR
2Beds
2Baths
770Sq Ft
7,550Lot Size
Property Price
LIST PRICE$485,000
EST. MARKET VALUE
$480,832
SUMMARY
This Strong Value Opportunity is a Residential Condominium listed at $485,000, positioned slightly above the $480,833 Fair Market Value. While not a deep discount, the property offers a stable entry point in a high-demand, walkable neighborhood near the Metro Purple Line. With a Fair Condition Rating, the unit features In-Unit Laundry and Two Tandem Parking Spaces. This asset provides a balanced profile for Buy-and-Hold Investors or first-time buyers seeking a well-connected urban residence with immediate rental potential.
Estimated Market Value
$480,832
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 957 S Gramercy 203 Subject 2 bd · 2 ba · 770 sqft · $624 | $485,000* List Price | 2 | 2 | 770 | $624 | - |
A 1401 S St Andrews Place 209 Active 2 bd · 2 ba · 850 sqft · $646 · 0.5 mi | $549,000 List Price | 2 | 2 | 850 | $646 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990, this 34-year-old property falls into the 'Fair' category due to its age. While the unit is well-maintained with some updates like stainless steel appliances and laminate flooring, the kitchen cabinetry and overall aesthetic remain dated and would require minor cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in a highly walkable neighborhood near the Metro Purple Line extension and Koreatown’s vibrant dining scene, offering excellent urban connectivity and transit access.
- Essential In-Unit Amenities
The inclusion of in-unit laundry hookups and two dedicated parking spaces provides significant convenience and value rarely found at this price point in the local market.
- Competitive Price Point
Priced under $500,000 for a two-bedroom, two-bathroom configuration, this property represents a strong entry-level opportunity for first-time buyers or investors in a high-demand area.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 770 square feet for a two-bedroom layout, the interior proportions are relatively tight, which may feel restrictive for buyers prioritizing spaciousness.
- Tandem Parking Arrangement
The two dedicated parking spaces are in a tandem configuration, which can be a daily inconvenience for multi-driver households requiring frequent vehicle access.
About 957 S Gramercy 203
This charming two-bedroom, two-bath condo sits on the second level of a cozy nine-unit gated community. The living area boasts laminate flooring, while the kitchen offers ample cabinetry and stainless steel appliances. In-unit laundry hookups are conveniently located in the hallway. The spacious master bedroom features carpet flooring, an en-suite bathroom, and a walk-in closet, while the second bedroom includes a sliding door closet. Both bathrooms are tiled from wall to floor. Two dedicated tandem parking spaces are provided, and HOA dues cover water and trash. Nestled in a quiet, tree-lined, and highly walkable neighborhood, it’s just blocks from the Metro Purple Line extension, USC, Koreatown’s dining and nightlife, Galleria Market, and nearby shopping centers.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 7,550 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $360.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 770 | 1,252.996 |
| Lot Size | 7,550 | 26,029.603 |
| Price | $485.0K | $778.5K |
| Price per sq ft | $630 | $629 |
| Built year | 1990 | 1981 |
| HOA | $360.0 | $676 |
| Days on market | 23 | 74 |
Pricing History
Listed for Sale
Oct 17, 2026
$485,000
Initial Listing