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8731 S Gramercy Place, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 1 bath

8731 S Gramercy Place, Los Angeles, California 90047 home-pic-0
ACTIVE$775,000
8731 S Gramercy Place, Los Angeles, California 90047
2Beds
1Bath
1,269Sqft
6,807Lot
Year Built
1939
Close
-
List price
$775K
Original List price
$850K
Price/Sqft
$611
HOA
-
Days on market
-
Sold On
-
MLS number
DW25020085
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 4 Cons,6 Pros. Rank: price - $775.0K(70th), sqft - 1269(45th), beds - 2(26th), baths - 1(32th).

Welcome to this delightful TWO-bedroom, ONE-bathroom home, perfectly situated in the vibrant and highly sought-after West LA neighborhood, just moments from SoFi Stadium and all the excitement it has to offer. One of the standout features of this property is the fully functional Accessory Dwelling Unit (ADU)—a fantastic bonus that can be used as a home office, guest suite, rental unit, or creative studio. The ADU offers flexibility and added value, making this home perfect for investors or anyone looking for extra space. This is a rare opportunity to own a home in one of LA’s most desirable areas with the added bonus of an ADU and a scenic patio! Whether you're an investor, first-time homebuyer, or looking for a property with income potential, this home offers endless possibilities.

Nearby schools

3/10
La Salle Avenue Elementary School
Public,•K-5•0.5mi
1/10
Manhattan Place Elementary School
Public,•K-5•0.7mi
1/10
Lane (Warren) Elementary School
Public,•K-6•0.8mi
1/10
Century Park Elementary School
Public,•K-5•1.6mi
1/10
Horace Mann Junior High School
Public,•6-8•1.3mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.5mi
2/10
George Washington Preparatory High School
Public,•9-12•1.5mi
2/10
Morningside High School
Public,•9-12•1.7mi
2/10
Inglewood High School
Public,•9-12•2.3mi
9/10
Middle College High School
Public,•9-12•4.4mi

Price History

Date
Event
Price
05/19/25
Sold
$790,000
Condition Rating
Excellent
Despite being built in 1939, the property has undergone an extensive and recent renovation, likely within the last 5 years. The kitchen features modern white shaker cabinets, light countertops, subway tile backsplash, and stainless steel appliances, all in excellent condition. Both the main house bathroom and the ADU bathroom boast modern floating vanities, tiled showers/tubs, and contemporary fixtures. Hardwood floors, recessed lighting, and fresh paint throughout contribute to a virtually new appearance, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Prime West LA Location: Situated in a vibrant, highly sought-after West LA neighborhood, offering excellent proximity to SoFi Stadium and local amenities.
Functional Accessory Dwelling Unit (ADU): Includes a fully functional ADU, providing versatile options for a home office, guest suite, rental income, or creative studio.
Income & Investment Potential: The presence of an ADU and its desirable location make this property attractive for investors or those seeking additional income streams.
Generous Lot Size: A 6807 sqft lot offers ample outdoor space and potential for future enhancements or expansion.
Outdoor Living Space: Features a scenic patio, enhancing the property's appeal for outdoor relaxation and entertainment.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-05-19. The sold price is $790,000.00.
Significant Overpricing/Valuation Discrepancy: The current listing price of $775,000 is substantially higher than the estimated property value of $500,304.655, indicating a potential overvaluation or a need for strong justification.
Limited Main House Configuration: The main house offers only 2 bedrooms and 1 bathroom, which may be restrictive for some buyers compared to larger configurations available in the market.
Age and Potential for System Updates: Built in 1939, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC) in the main house may require updating, as no significant renovations are mentioned beyond the ADU's functionality.

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