CA > Los Angeles
Los Angeles, CA 90020,427 S Gramercy PL
$1,299,000
Est. payment /mo
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13 Beds
5 Baths
5,814 SqFt
New

427 S Gramercy PL Los Angeles, CA 90020

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,814 sqft

Price per Sqft $223

MLS Listing ID 25608107

Bedrooms 13

Full Baths 5

Construction Status Fixer

HOA Y/N No

Year Built 1920

Lot Size 8,010 Sqft

Property Sub-Type Single Family Residence

Property Description

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. Offer subject to interior inspection. PEAD form (see DOCS section) must be completed and submitted. Seller may consider providing private financing to qualified buyers.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR4

Interior

Heating Forced Air

Cooling None

Fireplaces Type Living Room

Inclusions None. Property is sold "as-is" in its current condition.

Furnishings Unfurnished

Fireplace Yes

Laundry See Remarks

Exterior

Parking Features Driveway

Pool None

Community Features Gated

View Y/N No

View None

Private Pool No

Building

Lot Description Back Yard

Faces East

Story 2

Entry Level Two

Sewer Other

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5504025017

Security Features Gated Community

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Julie Lee I&J Properties

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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