427 S Gramercy Place, Los Angeles, CA 90020

Local realty services provided by:ERA Excel Realty
427 S Gramercy Place,Los Angeles, CA 90020
$1,299,000
  • 13 Beds
  • 5 Baths
  • 5,814 sq. ft.
  • Single family
  • Active
Listed by:julie lee
Office:i&j properties
MLS#:25608107
Source:CRMLS

Price summary

  • Price:$1,299,000
  • Price per sq. ft.:$223.43

About this home

Lender Owned Property!!! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers tremendous potential for restoration, conversion, or new construction. The existing structure features 13 rooms and 5 bathrooms, totaling approximately 5,814 sq.ft., situated on a 7,996 sq.ft. lot with wood-frame construction. Zoned R4, the site supports high-density residential or mixed-use developmentan opportunity rarely available in this prime area of Los Angeles. Enjoy excellent walkability (Walk Score 94) near Wilshire Blvd, shopping, dining, and public transit.Located within prestigious 3rd Street Elementary School District, adding long-term value and desirability. All information regarding the property is not guaranteed by Seller or Brokers. Buyer must conduct a full independent investigation of all permits, zoning, square footage, property condition, and all matters related thereto prior to purchase.

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Home facts

  • Year built:1920
  • Listing ID #:25608107
  • Added:1 day(s) ago
  • Updated:October 19, 2025 at 06:25 PM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:5,814 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1920
  • Building area:5,814 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,299,000
  • Price per sq. ft.:$223.43
Based on information from California Regional Multiple Listing Service, Inc. as of October 19, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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