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$1,490,000
Listing Price6beds
4baths
3,640sqft
5,169sqft lot
705 S Gramercy Pl, Los Angeles, CA 90005
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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 bedrooms, providing a scale of living rarely found in the city's multi-family properties. *Premium Secured Parking: A true rarity for the neighborhood, parking will never be an issue. The property features a secure, automatic remote-controlled driveway gate that opens to a sprawling rear lot. It includes a covered two-car garage along with ample open parking spaces, easily accommodating multiple vehicles for both units with ultimate privacy and peace of mind. *Unbeatable Location: Located in the vibrant heart of LA, residents are just moments away from world-class dining, trendy cafes, shopping, and entertainment. With incredible walkability and immediate access to major transit lines, the
Interior Details
3640
6
4
Has Heating:
No
Heating Type:
N/A
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
5169
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Duplex Single
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$15,027
$847,041
$420,448
--%
$1,267,489
2019
$15,027
$830,433
$412,204
--%
$1,242,637
2018
$14,910
$814,150
$404,122
--%
$1,218,272
2017
$14,588
$798,187
$396,199
--%
$1,194,386
2016
$14,240
$782,537
$388,431
--%
$1,170,968
2014
$12,025
$629,000
$260,000
--%
$889,000
2013
$10,090
$561,200
$238,800
--%
$800,000
2012
$8,668
$470,000
$200,000
--%
$670,000
Average Home Price in 90005
Nearby Properties
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Sqft
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Sold Date
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Sold 07/16/2026
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6 Beds
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3,640 Sqft
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Sold 10/05/2026
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Details for 705 S GRAMERCY PL
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





