711 S Gramercy Place, Los Angeles, California 90005, Los Angeles, 90005 - 5 bed, 4 bath
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 2 Cons,3 Pros. Rank: price - $1.00M(13th), sqft - 2130(25th), beds - 5(50th), baths - 4(50th).
A K-town residence with opportunity for homeowners and developers alike. This home offers approximately 2,130 square feet of living space, featuring 5 bedrooms and 4 bathrooms. The property includes versatile spaces for guests or potential rental opportunities. The 5,163-square-foot lot is zoned LAR3, allowing for multi-family residential development, and according to the ZIMAS website, the property is ED1 Eligible. This zoning offers potential for future expansion or redevelopment, subject to city planning regulations. While this home needs some TLC, its location in the vibrant and highly walkable Koreatown neighborhood places it in the heart of Los Angeles, with convenient access to neighboring communities and cultural hotspots. Whether you're staying close to home or exploring the city, this property combines development potential with an unbeatable central location.