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Michelle Rozansky

michelle@sandiegodreamhomes.com +1(760) 613-0148

$ 1,295,000

Est. payment -/mo

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427 S Gramercy PL Los Angeles, CA 90020

22 Beds

18 Baths

5,814 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,814 sqft

Price per Sqft $222

MLS Listing ID 25626317

Bedrooms 22

Three Quarter Bath 18

Construction Status Fixer

HOA Y/N No

Year Built 1920

Property Sub-Type Single Family Residence

Property Description

Lender Owned Property! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and the Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers exceptional potential for restoration, conversion, or ground-up construction. The existing physical layout includes 22 rooms and 18 bathrooms, totaling approximately 5,814 sqft. on 8,010 sqft. lot. However, city records reflect 13 bedrooms and 5 bathrooms, and the Buyer is strongly advised to independently verify all permits, room/bath counts, square footage, zoning, and any unpermitted improvements. The property is located in a prime high-density residential zone (R4), allowing for multifamily or mixed-use development an opportunity rarely available in this sought-after Los Angeles location. Enjoy excellent walkability near Wilshire Blvd., shopping, dining, and public transit. The property is also located within the prestigious 3rd Street Elementary School District, adding long-term value and desirability for future redevelopment. All information provided is deemed reliable but not guaranteed by Seller or Brokers. Buyer must conduct a full independent investigation of all permits, records, zoning, square footage, property condition, and all matters related. Seller may consider providing private financing to qualified buyers.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR4

Interior

Heating None

Cooling None

Fireplaces Type Living Room

Inclusions None. Property is sold "as-is" in its current condition.

Furnishings Unfurnished

Fireplace Yes

Laundry None

Exterior

Parking Features Driveway

Pool None

Community Features Gated

View Y/N No

View None

Private Pool No

Building

Lot Description Back Yard

Story 2

Entry Level Two

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5504025017

Security Features Gated Community

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Listed by Julie Lee I&J Properties

Michelle Rozansky

Agent | License ID: 01395868

+1(760) 613-0148

Michelle Rozansky

427 S Gramercy PL Los Angeles, CA 90020

Key Details

Location

Interior

Exterior

Building

Others

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427 S Gramercy PL