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821 S Gramercy Place 3, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 2 bath

821 S Gramercy Place 3, Los Angeles, California 90005 home-pic-0
ACTIVE$879,500
821 S Gramercy Place 3, Los Angeles, California 90005
3Beds
2Baths
1,636Sqft
7,505Lot
Year Built
2003
Close
-
List price
$880K
Original List price
$925K
Price/Sqft
$538
HOA
$300
Days on market
-
Sold On
-
MLS number
25519759
Home ConditionFair
Features
Good View: Trees/Woods
ViewTrees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $879.5K(82th), sqft - 1636(82th), beds - 3(65th), baths - 2(50th).

A hidden gem in one of LA's most vibrant and sought-after neighborhoods, this rarely available 3-bedroom + den townhouse offers the perfect blend of comfort, convenience, and style. Boasting high ceilings and an abundance of natural light, this home feels spacious and inviting, creating an airy and open atmosphere ideal for modern living. The functional layout includes three generously sized bedrooms along with a versatile den, perfect for use as a home office, playroom, or even an additional guest space. The attached garage provides private and secure parking, a rare convenience in this prime urban location. With low HOA fees, you can enjoy the benefits of a well-maintained community without the high costs. Located in the heart of Koreatown, this home offers unbeatable access to some of the city's best restaurants, shopping, entertainment, and public transportation. Whether you're looking for a stylish urban retreat or a smart investment in a rapidly growing area, this is an opportunity you don't want to miss.

Price History

Date
Event
Price
12/03/13
Sold
$525,000
07/27/05
Sold
$685,000
03/04/05
Sold
$550,000
Condition Rating
Fair
Built in 2003, this townhouse is well-maintained with good hardwood flooring throughout the main living areas and bedrooms. However, the kitchen features light wood cabinets, speckled granite countertops, and a mix of stainless steel (refrigerator) and white (range, microwave) appliances, which are functional but reflect an early 2000s aesthetic. Similarly, the bathrooms have light wood vanities and dated strip lighting. While clean and move-in ready, the kitchen and bathrooms show signs of being outdated and would benefit from cosmetic updates to align with current styles and features.
Pros & Cons

Pros

Prime Koreatown Location: Situated in the heart of Koreatown, offering unbeatable access to diverse restaurants, shopping, entertainment, and public transportation, making it highly desirable for urban living.
Spacious & Versatile Layout: Features 3 generously sized bedrooms plus a versatile den, high ceilings, and abundant natural light, providing a functional and airy atmosphere suitable for various lifestyle needs.
Private Attached Garage: Includes a private and secure attached garage, a rare and valuable convenience in a dense urban location like Koreatown.
Low HOA Fees: Benefits from low HOA fees, allowing residents to enjoy a well-maintained community without incurring high monthly costs, enhancing overall affordability.
Modern Construction: Built in 2003, this townhouse offers a relatively modern structure with a contemporary feel, reducing immediate concerns about major system replacements common in older properties.

Cons

Recent Price Reduction: The property has undergone a significant price reduction from its original list price, which may indicate initial overpricing or challenges in attracting buyers, potentially raising questions for prospective purchasers.
Limited Private Outdoor Space: As a townhouse/condominium, the description does not highlight any substantial private outdoor living areas, which could be a drawback for buyers prioritizing a private yard or patio.
Lack of Detailed Upgrades: While described as stylish, the listing does not specify recent high-end renovations or premium finishes, which might suggest standard-grade materials for its age or a need for future cosmetic updates.

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