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733 N Gramercy Place, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 4 bath

733 N Gramercy Place, Los Angeles, California 90038 home-pic-0
ACTIVE$1,425,000
733 N Gramercy Place, Los Angeles, California 90038
3Beds
4Baths
2,022Sqft
1,527Lot
Year Built
2018
Close
-
List price
$1.43M
Original List price
$1.48M
Price/Sqft
$705
HOA
-
Days on market
-
Sold On
-
MLS number
25535899
Home ConditionExcellent
Features
Excellent View: City Lights, Panoramic, Valley
Deck
ViewCity Lights,Panoramic,Valley

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.43M(93th), sqft - 2022(64th), beds - 3(50th), baths - 4(50th).

Newer Construction 3BR/4BA Corner Unit with Rooftop Deck + Iconic Views! Modern home located in the heart of Hollywood's Studio District. Built in 2018, this spacious home features an open-concept floor plan with natural hardwood floors, recessed lighting, and abundant natural light. The main level includes a versatile bedroom/office, powder room, and direct access to a private 2-car garage.The second level opens to a large great room and chef's kitchen with quartz center island, stainless steel appliances, gas range, and built-in ceiling speakers. Three additional en-suite bedrooms are located on the upper levels, each with generous closet space and updated bathrooms. Smart home features include app/voice-controlled lighting, in-ceiling speaker system with 4 zones and individual amp controls, MyQ smart garage access, and security cameras at all entry points. The private rooftop deck offers wrap-around VIEWS of the Hollywood Sign and Downtown LA, complete with a built-in BBQ and multiple seating areas. Two guest parking spaces included. Prime location near Netflix HQ, Paramount, Sunset Gower, Raleigh Studios, and Larchmont Village.

Price History

Date
Event
Price
05/06/15
Sold
$801,000
05/10/02
Sold
$320,000
09/21/99
Sold
$270,000
Condition Rating
Excellent
This property, built in 2018, is only 6 years old and qualifies as newer construction. The images and description confirm a modern, open-concept design with natural hardwood floors, recessed lighting, and smart home features throughout. The chef's kitchen boasts a quartz center island, stainless steel appliances, and a gas range, all appearing new and high-quality. Bathrooms are updated with modern vanities, dual sinks, and glass-enclosed showers with contemporary tiling. A mini-split AC unit is visible in one of the bedrooms, indicating a modern cooling system. Overall, the property shows no signs of wear and tear and meets current quality standards, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Newer Construction & Modern Design: Built in 2018, this modern corner unit features an open-concept floor plan, natural hardwood floors, recessed lighting, and abundant natural light, offering contemporary living.
Iconic Rooftop Deck with Views: The private wrap-around rooftop deck includes a built-in BBQ and multiple seating areas, providing panoramic views of the Hollywood Sign and Downtown LA, ideal for entertaining.
Prime Hollywood Location: Strategically located in the heart of Hollywood's Studio District, it offers excellent proximity to major employers like Netflix HQ, Paramount, and Raleigh Studios, as well as Larchmont Village.
Advanced Smart Home Technology: Equipped with modern smart home features including app/voice-controlled lighting, a 4-zone in-ceiling speaker system, MyQ smart garage access, and security cameras at all entry points.
High-End Kitchen & En-suite Bedrooms: The property boasts a chef's kitchen with a quartz center island, stainless steel appliances, and a gas range, complemented by three en-suite bedrooms, each with updated bathrooms.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1527, living area = 2022.
Absence of Cooling System: The property description does not mention a cooling system (e.g., central air conditioning), which could be a significant comfort concern during warmer months in Los Angeles.
Limited Private Outdoor Space: With a small lot size of 1527 sqft, the property likely offers minimal ground-level private outdoor space, potentially limiting options for gardening or traditional yard activities beyond the rooftop deck.
Potential Unspecified HOA Fees: While listed as a single-family residence, its 'corner unit' and 'newer construction' in this area often imply a small-lot subdivision with associated HOA fees, which are not explicitly detailed in the listing and could be an unexpected recurring cost.

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