705 S Gramercy Place
Los Angeles, CA 90005
6
Bed
0
Bath
3,640Sqft
5,164Sqft(Lot)
Welcome to 705-707 S Gramercy Place, a premier duplex zoned LAR3 perfectly situated at the highly desirable crossroads of Koreatown, Mid-Wilshire, and Hancock Park. This rare property offers the space and feel of two single-family homes, making it an ideal choice for an owner-user looking to live in one unit while generating premium income from the other, or an investor seeking a high-quality asset in a robust market. All units are individually metered for water, gas, and electricity, providing ease of utility management. Property Highlights: *Massive Unit Sizes: Boasting approximately 3,640 total square feet, the property is split into an upstairs and a downstairs unit that span an incredibly generous ~1,820 square feet each. Both units offer expansive, open-concept living areas and large
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 6Bathroom Information
Total Baths: 5 Full Baths: 0 Half Baths: 0Water/Sewer
Sewer: Sewer Tap Paid -
Interior Features
Interior Features: Ceiling Fan(s) Windows: Blinds Property Appliances: Gas Cooktop,Disposal,Gas Oven Fireplace: None Flooring: Laminate -
Cooling Features
Central Air Air ConditioningHeating Source
Central,Forced Air Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1922 Building Area Total: 3,640 -
Security Features
Security Gate,Gated Community -
Pool Features
NoneLaundry Features
In Kitchen
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1185 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5164
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Listing Price Information
Original List Price: 1,490,000 Listing Contract Date: 2026-04-01 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5092027024
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Garage and Parking
Garage Description: Shared DrivewayHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas,Trash Collection,Water
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Other Property Info
Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 3166 Directions: Corner of Gramercy Place & 7th Street Zoning: LAR3 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire -
Building and Construction
Property Age: 104 Year Built Source: Vendor Enhanced Total Square Feet Living: 3640 Entry Location: Ground Level w/steps Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 830 S Hoover Street, Los Angeles, CA, 90005 | $2,495,000 | 6 | -- | 8,080 | 8,080 SqFt |
| 2939 Leeward #212, Los Angeles, CA, 90005 | $1,199,999 | 3 | 3 | 1,690 | 1,690 SqFt |
| 681 Shatto Place, Los Angeles, CA, 90005 | $5,299,000 | -- | -- | 24,642 | 24,642 SqFt |
| 2961 W 8th Street, Los Angeles, CA, 90005 | $1,250,000 | 6 | 2 | 3,001 | 3,001 SqFt |
| 674 S Catalina Street, Los Angeles, CA, 90005 | $2,900,000 | 12 | -- | 7,472 | 7,472 SqFt |
| 743 S Berendo Street, Los Angeles, CA, 90005 | $3,200,000 | 12 | -- | 9,955 | 9,955 SqFt |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | -- | 5,322 | 5,322 SqFt |
| 741 S Hobart Boulevard, Los Angeles, CA, 90005 | $3,999,000 | 15 | -- | 11,230 | 11,230 SqFt |
| 736 S Gramercy Place, Los Angeles, CA, 90005 | $1,500,000 | 2 | 1 | 1,118 | 1,118 SqFt |
| 838 S Gramercy Place, Los Angeles, CA, 90005 | $1,790,000 | 11 | -- | 6,324 | 6,324 SqFt |
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ByOwner last updated this listing 06/18/2026 @ 01:21
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