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645 N Gramercy Place, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

645 N Gramercy Place, Los Angeles, California 90004 home-pic-0
ACTIVE$1,799,000
645 N Gramercy Place, Los Angeles, California 90004
0Bed
0Bath
2,888Sqft
4,713Lot
Year Built
1965
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$623
HOA
-
Days on market
-
Sold On
-
MLS number
PW25150475
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(67th), sqft - 2888(50th), beds - undefined(50th), baths - undefined(50th).

WELCOME TO 645 N GRAMERCY PLACE, A RARE GEM IN THE HEART OF THE HANCOCK PARK NEIGHBORHOOD, HOLLYWOOD AND MID-WILSHIRE, WHERE MODERN UPGRADES MEET TIMELESS CHARM AND FUTURE POSSIBILITIES. THIS FULLY REMODELED DUPLEX SITS ON R3-ZONED LAND, OFFERING BOTH IMMEDIATE COMFORT AND POTENTIAL. BOTH UNITS ARE OCCUPIED AND ONE DOWNSTAIRS UNIT WILL BE DELIVERED VACANT. GREAT OPPORTUNITY FOR AN OWNER LIVING OR GOOD FOR THE RENTAL INCOME INVESTMENT! EACH SPACIOUS UNIT FEATURES 3 BEDROOMS PLUS A BONUS DEN OR OFFICE, AND 2 BEAUTIFULLY UPGRADED BATHROOMS WITH MODERN BIDETS, DESIGNER TILE, AND SLEEK FIXTURES. THE OPEN-CONCEPT LIVING SPACES ARE FILLED WITH NATURAL LIGHT, ENHANCED BY TRIPLE-PANE WINDOWS, NEWER KITCHENS WITH STAINLESS STEEL APPLIANCES, COLOR-CHANGEABLE LED RECESSED LIGHTING, AND WARM HARDWOOD FLOORS THROUGHOUT. BOTH UNITS ARE EQUIPPED WITH IN-UNIT LAUNDRY, AND EACH DETAIL HAS BEEN THOUGHTFULLY CHOSEN FOR BOTH FUNCTION AND STYLE. BEHIND THE SECURE WROUGHT IRON GATE, THE PROPERTY OFFERS 8+ GATED PARKING SPACES, INCLUDING A 2-CAR GARAGE, A PRIVATE DRIVEWAY, AND EVEN AN EV CHARGING STATION. A SURROUND SECURITY SYSTEM OFFERS PEACE OF MIND, WHILE THE UNBEATABLE LOCATION, MINUTES TO LARCHMONT VILLAGE, PARAMOUNT STUDIOS, KOREATOWN, AND DTLA MAKES THIS HOME AS CONVENIENT AS IT IS CHARMING. WHETHER YOU'RE AN OWNER-USER LOOKING FOR SPACE AND INCOME, OR AN INVESTOR EXPLORING THE FUTURE BENEFITS OF R3 ZONING, THIS DUPLEX OFFERS THE PERFECT BALANCE OF COMFORT, POTENTIAL, AND LOCATION.

Nearby schools

6/10
Van Ness Avenue Elementary School
Public,•K-5•0.2mi
8/10
Third Street Elementary School
Public,•K-5•1.5mi
3/10
Joseph Le Conte Middle School
Public,•6-8•0.9mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.4mi
7/10
John Burroughs Middle School
Public,•6-8•1.9mi
4/10
Helen Bernstein High School
Public,•9-12•0.8mi
7/10
Fairfax Senior High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
09/08/21
Sold
$1,200,000
11/04/11
Sold
$499,004
Condition Rating
Excellent
This property has undergone a comprehensive and recent 'fully remodeled' renovation, as explicitly stated in the description and visually confirmed by the images. The kitchens feature newer stainless steel appliances, sleek high-gloss white cabinetry, quartz countertops, and modern black marble-look backsplashes. Bathrooms are beautifully upgraded with contemporary vanities, illuminated mirrors, designer tile, glass-enclosed showers with rain shower heads, and modern bidets. Throughout the units, you'll find new light wood-look flooring, color-changeable LED recessed lighting, modern light fixtures, and triple-pane windows. While the original structure dates back to 1965, the extensive upgrades bring the interior to current quality standards, presenting as virtually new with no immediate renovation needs and minimal physical depreciation.
Pros & Cons

Pros

R3 Zoning & Development Potential: The property sits on R3-zoned land, offering significant future development or expansion potential, which is highly valuable in Los Angeles.
Extensive Modern Remodel: Both units are fully remodeled with newer kitchens, stainless steel appliances, triple-pane windows, LED lighting, hardwood floors, and upgraded bathrooms, minimizing immediate renovation needs.
Prime Central Los Angeles Location: Located minutes from Larchmont Village, Paramount Studios, Koreatown, and DTLA, offering excellent access to amenities, entertainment, and employment centers.
Income-Generating Duplex with Vacant Unit: As a duplex, it provides immediate rental income potential, with one unit delivered vacant, ideal for an owner-user or to quickly secure a new tenant.
Abundant & Secure Parking with EV Charging: Features 8+ gated parking spaces, including a 2-car garage, private driveway, and an EV charging station, a rare and highly desirable amenity in this urban area.

Cons

Lack of Central Air Conditioning: The property description does not mention a central air conditioning system, which could be a significant comfort drawback during Los Angeles' warmer months.
Older Building Foundation: Despite extensive remodels, the core structure was built in 1965, which may imply potential for older underlying infrastructure or systems not explicitly upgraded.
Inheriting an Occupied Unit: While one unit is vacant, the other is occupied, meaning a buyer will inherit an existing tenant, which can present management considerations or limitations for immediate full property control.

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