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245 N Gramercy Place

Los Angeles, CA 90004
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Bed 3

Bed

Bath 3

Bath

SqFt1,888

Sqft

SqFt6,886

Sqft(Lot)

We are pleased to present 245 N Gramercy Pl, an exceptional value-add opportunity located in the highly sought-after neighborhood of Larchmont Village. Whether you're an experienced investor, renovation specialist, or an owner-user looking to create your forever home, this property offers a rare chance to reimagine a classic residence in one of Los Angeles' most desirable neighborhoods. Situated on a generous 6,886 square foot lot, the property currently consists of a 3-bedroom, 2.5-bathroom single-family residence totaling approximately 1,888 square feet. While the home requires a comprehensive renovation, its existing footprint, lot size, and desirable location provide the ideal foundation for a transformative project. Buyers will have the opportunity to restore its original character wh ile incorporating today's modern finishes, floor plan preferences, and design elements to create a truly one-of-a-kind residence. To further enhance the opportunity, the Seller has ready-to-issue permit & plans available to, without moving walls, efficiently transform the existing home into a stunning 4-bedroom, 4-bathroom residence. These plans present a compelling option for buyers seeking a larger family home, a co-living investment, or housing for transitional or sober living (subject to buyer verification and all applicable regulations). The property's favorable lot configuration and driveway access also provide the opportunity to construct a 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) that also already has its own ready-to-issue permit & plans. An ADU could provide additional living space for multigenerational households, a guest house, home office, or supplemental rental income while preserving valuable onsite parking. Ideally positioned just moments from the shops, restaurants, cafs, and weekly farmers market of Larchmont Village, the property also offers convenient access to Hollywood, Koreatown, Hancock Park, Beverly Grove, Downtown Los Angeles, and Beverly Hills. Opportunities to acquire and renovate a single-family home in such a premier central Los Angeles location are increasingly scarce, making 245 N Gramercy Pl an outstanding opportunity for buyers looking to create substantial value in a neighborhood with enduring demand. Contact listing broker for additional information.

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Detail Ic Property Details

Property Type : Residential

Price : $1,685,000

AD Id : 88295051

MLS Id : 26862911

Beds : 3

Lot Size : 6,886 Sqft

Living Area Size : 1,888

Year Built : 1918

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Cooling: None

  • Building Information

    Year Built: 1918
    Building Area Total: 1888
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Lot Dimensions: 52x132 Main Square Feet: 6886 Lot Size Acres: 0.1581 Lot Size Source: Assessor Lot Size Square Feet: 6,886

  • Listing Price Information

    Listing Price: $1685000

  • Tax Information

    Parcel Number: 5516019002

  • Location Information

    Direction: Google Maps: 245 N Gramercy Pl Los Angeles CA 90004
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
542 N Commonwealth, Los Angeles, CA, 90004 $1,560,000 3 3 2,847 2,847 SqFt
441 N Commonwealth Avenue, Los Angeles, CA, 90004 $850,000 1 1 1,014 1,014 SqFt
447 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 3 -- 1,798 1,798 SqFt
426 N Virgil Avenue, Los Angeles, CA, 90004 $1,399,000 -- -- 3,427 3,427 SqFt
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 2 1,240 1,240 SqFt
3875 Middlebury Street, Los Angeles, CA, 90004 $699,000 2 1 667 667 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004 $3,590,000 24 -- 10,884 10,884 SqFt
238 S Westmoreland, Los Angeles, CA, 90004 $2,699,999 8 5 4,416 4,416 SqFt
124 N Berendo Street, Los Angeles, CA, 90004 $1,200,000 5 -- 3,939 3,939 SqFt
122 S Berendo Street, Los Angeles, CA, 90004 $2,275,000 4 -- 5,237 5,237 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/25/2026 @ 22:44

MLS: 26862911 LISTED BY: Casey Lins, Kidder Mathews of California, Inc. 858-369-3010 SOURCE: CRMLS

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