8 months on rocket

826 S Gramercy Pl, Los Angeles, CA, 90005

$2,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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826 S Gramercy Pl, Los Angeles$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned
Year Built1960
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
MLS #WS23141948
Lot Size0.17 Acres
StatusActive

About 826 S Gramercy Pl

This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year and is not included in the gross schedule rent figure. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2

Listing Office:

  • Office Name: Thomas Iping Lo, Broker
  • Office Phone: (626) 315-8405
  • Listing Agent: THOMAS LO

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
  • Flooring Type: Carpet, Wood
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Los Angeles Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • John Burroughs Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Wilton Place Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: West of Western Avenue, East of Wilton Avenue, South of 8th Street, North of 9th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000

Tax Information:

  • Annual Amount: $29,374
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

826 S Gramercy Pl vs Los Angeles

261 DAYS ON ROCKET

+227 Days

$2,400,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #WS23141948

Listing Office:

  • Office Name: Thomas Iping Lo, Broker
  • Office Phone: (626) 315-8405
  • Listing Agent: THOMAS LO

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 12:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 07, 2020Home Sold
$2,375,000
Jul 29, 2013Home Sold
$1,330,000
Apr 20, 2006Home Sold
$1,340,000
Sep 23, 2005Home Sold
$1,200,000
Nov 19, 2004Home Sold
$950,000
Jun 28, 2001Home Sold
$525,000

Tax History

YEARPROP. TAXASSESSMENT
2021$29,374$2,399,605
2020$18,341$1,490,787
2019$18,166$1,461,556
2018$17,742$1,432,899
2017$17,742$1,404,804

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3993312
3
/10

  • Wilton Place Elementary School

  • 745 S Wilton Pl

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-3993313
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 2.64 miles

  • Public Magnet Grades KG-6

school-card-donut-3993314
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 20.99 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-3993315
8
/10

  • John Burroughs Middle School

  • 600 S Mccadden Pl

  • 1.41 miles

  • Public Magnet Grades 6-8

school-card-donut-3993316
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.46 miles

  • Public District Grades 6-8

High School

school-card-donut-3993317
2
/10

  • Los Angeles Senior High School

  • 4650 W Olympic Blvd

  • 1.16 miles

  • Public Magnet Grades 9-12

school-card-donut-3993318
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.94 miles

  • Public Magnet Grades 9-12

school-card-donut-3993319
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.24 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,448. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 826 S Gramercy Pl

What is the listing price of this property?

The listing price of 826 S Gramercy Pl property is $2,400,000.

What type of property is this?

The property 826 S Gramercy Pl is a condo located in Los Angeles, California, 90005.

Is this property for sale now?

Active Listing: 826 S Gramercy Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 826 S Gramercy Pl are:
Wilton Place Elementary School: GreatSchools Rating 3/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
John Burroughs Middle School: GreatSchools Rating 8/10
Studio: GreatSchools Rating 4/10
Los Angeles Senior High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $29,374 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 7, 2020 for $2,375,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 826 S Gramercy Pl is 1960.

Rocket Homes›California›Los Angeles County›Los Angeles›90005›826 S Gramercy Pl

This home is located at 826 S Gramercy Pl in Los Angeles, CA and zip code 90005 in the Central LA neighborhood. This home, which was built in 1960, sits on a 0.17 acre lot. It has been listed on Rocket Homes since August 13, 2023 and is currently priced at $2,400,000.

Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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