427 S Gramercy Place, Los Angeles, CA 90020

Local realty services provided by:Better Homes and Gardens Real Estate Champions
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:12 day(s) ago
  • Updated:November 01, 2025 at 10:36 AM

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
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