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140 S Gramercy Place 1, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 3 bath

140 S Gramercy Place 1, Los Angeles, California 90004 home-pic-0
ACTIVE$879,000
140 S Gramercy Place 1, Los Angeles, California 90004
2Beds
3Baths
1,240Sqft
7,054Lot
Year Built
2009
Close
-
List price
$879K
Original List price
$899K
Price/Sqft
$709
HOA
$675
Days on market
-
Sold On
-
MLS number
25568373
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $879.0K(69th), sqft - 1240(56th), beds - 2(50th), baths - 3(69th).

This 1,240 sq.ft. front unit at Gramercy Row in Hancock Park offers privacy, natural light, and thoughtful modern design by AIA-awarded firm Assembledge+. The layout includes an open ground floor with high ceilings, polished concrete floors, smart blinds, smoked glass details, living and dining areas, kitchen with Caesarstone counters and backsplash, LED lighting, updated stainless steel appliances, and a powder room. The second level features bamboo floors, a flexible-use room, full bath, in-unit LG washer/dryer, and storage. The top-floor primary suite includes more bamboo floors, a custom closet, smart blinds, and a skylit bathroom with double sinks, floating vanity, under-cabinet lighting, and a smoked glass divider. A spiral staircase leads to a private rooftop deck with unobstructed 360-degree views from Downtown to the Hollywood Sign. Additional features include a Nest thermostat, Hue smart lighting, Nest smoke detectors, and frosted glass for added privacy. Two tandem parking spaces, guest parking, and elevator access complete the offering. Located near Larchmont Village with easy access to Hollywood and Downtown.

Nearby schools

6/10
Charles H. Kim Elementary School
Public,•K-5•0.3mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.6mi
6/10
Wilshire Park Elementary School
Public,•K-5•0.8mi
3/10
Wilton Place Elementary School
Public,•K-5•0.9mi
8/10
Third Street Elementary School
Public,•K-5•1.3mi
2/10
Vine Street Elementary School
Public,•K-6•1.4mi
3/10
Los Angeles Elementary School
Public,•K-5•1.7mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.8mi
2/10
Wilshire Crest Elementary School
Public,•K-5•2.1mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.2mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.2mi
7/10
John Burroughs Middle School
Public,•6-8•1.5mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.6mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.8mi
5/10
Pio Pico Middle School
Public,•6-8•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.2mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi
7/10
Fairfax Senior High School
Public,•9-12•2.9mi

Price History

Date
Event
Price
09/25/25
Price Change
$879,000-2.2%
07/24/25
$899,000
06/27/23
Sold
$915,000
06/23/15
Sold
$675,000
09/03/10
Sold
$505,000
Condition Rating
Excellent
Built in 2009, this property presents as virtually new due to its thoughtful modern design by an AIA-awarded firm and continuous updates. The kitchen features Caesarstone counters, LED lighting, and updated stainless steel appliances, while the bathrooms boast floating vanities, double sinks, backlit mirrors, and modern tiling, all in pristine condition. Smart home features like Nest and Hue lighting further enhance its contemporary appeal, demonstrating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Private Rooftop Deck with Panoramic Views: The property boasts an exclusive private rooftop deck offering unobstructed 360-degree views from Downtown Los Angeles to the Hollywood Sign, a highly desirable and luxurious amenity.
Prime Hancock Park Location: Situated in the prestigious Hancock Park area, the unit offers excellent proximity to Larchmont Village, Hollywood, and Downtown, enhancing lifestyle and potential property appreciation.
Modern Design & Smart Home Integration: Designed by an AIA-awarded firm, the unit features thoughtful modern aesthetics including high ceilings, polished concrete floors, smart blinds, and integrated smart home technology like Nest and Hue lighting.
Contemporary Finishes & Quality Construction: Built in 2009, the property showcases contemporary finishes such as updated stainless steel appliances, Caesarstone counters, bamboo floors, and a skylit primary bathroom, reflecting modern luxury.
Convenient Amenities & Accessibility: The unit includes practical amenities like in-unit LG washer/dryer, two tandem parking spaces, guest parking, and elevator access, contributing to a comfortable and convenient living experience.

Cons

High Monthly Association Fee: The $675.0 monthly association fee is substantial and represents a significant recurring cost that impacts overall affordability and cash flow for potential buyers.
Tandem Parking Arrangement: While two parking spaces are provided, the tandem setup can be inconvenient for daily use, especially for households with multiple drivers or frequent guest parking requirements.
Recent Price Adjustment: The $20,000 price reduction from the original list price may indicate initial overpricing or market resistance, potentially influencing buyer perception and negotiation expectations.

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