705 S Gramercy Place,Los Angeles, CA 90005
Los Angeles, CA 90005
Description
Welcome to 705-707 S Gramercy Place, a premier duplex zoned LAR3 perfectly situated at the highly desirable crossroads of Koreatown, Mid-Wilshire, and Hancock Park. This rare property offers the space and feel of two single-family homes, making it an ideal choice for an owner-user looking to live in one unit while generating premium income from the other, or an investor seeking a high-quality asset in a robust market. All units are individually metered for water, gas, and electricity, providing ease of utility management. Property Highlights: *Massive Unit Sizes: Boasting approximately 3,640 total square feet, the property is split into an upstairs and a downstairs unit that span an incredibly generous ~1,820 square feet each. Both units offer expansive, open-concept living areas and large bedrooms, providing a scale of living rarely found in the city's multi-family properties. *Premium Secured Parking: A true rarity for the neighborhood, parking will never be an issue. The property features a secure, automatic remote-controlled driveway gate that opens to a sprawling rear lot. It includes a covered two-car garage along with ample open parking spaces, easily accommodating multiple vehicles for both units with ultimate privacy and peace of mind. *Unbeatable Location: Located in the vibrant heart of LA, residents are just moments away from world-class dining, trendy cafes, shopping, and entertainment. With incredible walkability and immediate access to major transit lines, the best of city living is right outside the front door. With sprawling floor plans, highly coveted gated parking, and a turnkey location, this duplex is a standout must-see. Don't miss your chance to own a significant piece of prime Los Angeles real estate!
Details
| MLS # | 26672721 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 148 |
| Listing Provided By | I & J Properties, Inc. | Jamie Lee |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,640 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.12 |
| Property View | None |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central, Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Window Features | Blinds |
| Appliances | Gas Cooktop, Disposal, Gas Oven |
| Fireplace Yes / No | No |
Exterior
| Security Features | Security Gate, Gated Community |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Shared Driveway |
| Garage Yes / No | Yes |
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90005 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90005) | |
Price: $1,490,000 low | high Med: $2,495,000 sqft: 3,640 low | high Med: 8,080 $ / sqft: $409 low | high Med: $309 On site: 148 low | high Med: 46 | |
Market Activity 90005
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90005 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90005) | |
Price: $1,490,000 low | high Med: $2,495,000 sqft: 3,640 low | high Med: 8,080 $ / sqft: $409 low | high Med: $309 On site: 148 low | high Med: 46 | |
 | $3,250,000851 S Wilton PlaceLos Angeles, CA 90005 |