427 S Gramercy Place, Los Angeles, CA 90020
Local realty services provided by:CENTURY 21 Sierra Properties
427 S Gramercy Place,Los Angeles, CA 90020
$1,295,000
- 22 Beds
- 18 Baths
- 5,814 sq. ft.
- Single family
- Active
Listed by: julie lee
Office: i&j properties
MLS#:CL25626317
Source:CA_BRIDGEMLS
Price summary
- Price:$1,295,000
- Price per sq. ft.:$222.74
About this home
Lender Owned Property! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and the Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers exceptional potential for restoration, conversion, or ground-up construction. The existing physical layout includes 22 rooms and 18 bathrooms, totaling approximately 5,814 sqft. on 8,010 sqft. lot. However, city records reflect 13 bedrooms and 5 bathrooms, and the Buyer is strongly advised to independently verify all permits, room/bath counts, square footage, zoning, and any unpermitted improvements. The property is located in a prime high-density residential zone (R4), allowing for multifamily or mixed-use development an opportunity rarely available in this sought-after Los Angeles location. Enjoy excellent walkability near Wilshire Blvd., shopping, dining, and public transit. The property is also located within the prestigious 3rd Street Elementary School District, adding long-term value and desirability for future redevelopment. All information provided is deemed reliable but not guaranteed by Seller or Brokers. Buyer must conduct a full independent investigation of all permits, records, zoning, square footage, property condition, and all matters related. Seller may consider providing private financing to
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Home facts
- Year built:1920
- Listing ID #:CL25626317
- Added:5 day(s) ago
- Updated:December 13, 2025 at 03:43 PM
Rooms and interior
- Bedrooms:22
- Total bathrooms:18
- Living area:5,814 sq. ft.
Structure and exterior
- Year built:1920
- Building area:5,814 sq. ft.
- Lot area:0.18 Acres
Finances and disclosures
- Price:$1,295,000
- Price per sq. ft.:$222.74
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