358 S Gramercy Place 201, Los Angeles, California 90020, Los Angeles, 90020 - 2 bed, 2 bath

358 S Gramercy Place 201, Los Angeles, California 90020 home-pic-0
ACTIVE$699,000
358 S Gramercy Place 201, Los Angeles, California 90020
2Beds
2Baths
1,330Sqft
22,487Lot
Year Built
1965
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$526
HOA
$602
Days on market
-
Sold On
-
MLS number
PW25155067
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(72th), sqft - 1330(68th), beds - 2(50th), baths - 2(50th).

Welcome to this beautifully updated 2-bedroom, 2-bathroom condominium in the heart of Hancock Park/Koreatown. Located in the secure and amenity-rich San Marcus building, this bright and spacious unit offers an ideal blend of comfort, privacy, and sophisticated city living. Spanning 1,330 sq ft, the home welcomes you with sun-filled interiors, rich hardwood floors, and an open-concept living and dining area that opens directly to a large private balcony — perfect for seamless indoor-outdoor living. The modern kitchen has been fully remodeled with sleek quartz countertops, custom white cabinetry, glass subway tile backsplash, and high-end stainless-steel appliances, including a gas range and stylish hood. Brushed gold fixtures-accented fixtures and ample countertop space provide both functionality and elegance. Each bedroom is generously sized, with plenty of closet and storage space throughout the home. The layout is intelligently designed to offer both privacy and comfort, including two full bathrooms, each tastefully renovated with designer finishes. A standout feature of this unit is the expansive private balcony, large enough for outdoor dining, lounging, or a cozy garden escape. Lined with greenery and facing a quiet residential view, it becomes your personal urban sanctuary. Another major plus: no unit below, which means no need to worry about downstairs noise — a rare and valuable comfort in condo living. Additional perks include recessed lighting, in-unit washer/dryer hookup, and a dedicated home office nook. The unit comes with gated and 2 parking spaces, and the building offers resort-style amenities such as a sparkling swimming pool, relaxing dry sauna, secure entry system, and laundry facilities. The HOA covers gas, water, trash, and sewer — you only pay electricity — making for hassle-free maintenance and excellent value. Centrally located just off Wilshire Blvd, this home places you within easy reach of Koreatown's dynamic culture and cuisine, as well as Larchmont Village, The Grove, Hollywood, and Downtown LA. Public transportation, shops, and cafes are all just moments away. Whether you’re a first-time buyer, small family, or investor looking for a highly rentable unit, this move-in ready home is must-see. The photos don’t do it full justice to see it in person to experience just how bright and welcoming it truly is.

Price History

Date
Event
Price
07/10/25
Listing
$699,000
07/27/21
Sold
$640,000
08/23/18
Sold
$569,000
07/21/15
Sold
$418,000
07/23/09
Sold
$250,000
Condition Rating
Excellent

Despite being built in 1965, this condominium unit has undergone an extensive and recent renovation, bringing its interior condition to an excellent standard. The kitchen is fully remodeled with sleek quartz countertops, custom white cabinetry, glass subway tile backsplash, high-end stainless-steel appliances, and stylish gold fixtures. Both bathrooms are tastefully renovated with designer finishes, including a modern freestanding tub, contemporary tiling, and updated fixtures. The unit features rich hardwood/laminate flooring throughout, recessed lighting, and modern wall-mounted AC units, indicating a comprehensive update within the last 5 years. The overall aesthetic is current, high-quality, and move-in ready with virtually new components.
Pros & Cons

Pros

Prime Location & Accessibility: Centrally located in the vibrant Hancock Park/Koreatown area, offering immediate access to diverse culture, dining, shopping, and major LA hubs like Larchmont Village, The Grove, Hollywood, and Downtown LA, with excellent public transportation options.
Modern & Updated Interior: The unit boasts a beautifully updated interior, including a fully remodeled kitchen with high-end stainless-steel appliances, quartz countertops, and custom cabinetry, along with tastefully renovated bathrooms and recessed lighting.
Expansive Private Balcony: A large private balcony provides significant outdoor living space for dining and relaxation, offering a quiet residential view and enhancing the indoor-outdoor living experience.
Comprehensive Building Amenities & HOA Value: The secure San Marcus building offers resort-style amenities such as a swimming pool, dry sauna, and laundry facilities. The HOA fee is inclusive of gas, water, trash, and sewer, providing excellent value and simplified budgeting.
Enhanced Privacy & Functionality: The unit benefits from having no unit below, minimizing noise concerns, and includes a dedicated home office nook and two gated parking spaces, adding significant convenience and privacy.

Cons

Building Age: Constructed in 1965, the building's age may present potential for future infrastructure maintenance or special assessments not covered by the current HOA, despite the unit's interior updates.
High Monthly HOA Fees: The $602 monthly HOA fee, while comprehensive, represents a significant ongoing expense that could impact overall affordability and long-term investment returns for some buyers.
Absence of Central Air Conditioning: The property description does not mention a central cooling system, which could be a notable discomfort during Los Angeles' increasingly hot summer months.

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