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$1,295,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 22 Beds
  • 18 Partial Baths
  • 5,814 Sq. Ft.
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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.

Full Property Details for 427 S Gramercy Pl

General

  • Price: $1,295,000
  • Status: Pending
  • Type: Single Family
  • Source: CLAW
  • MLS ID: 25626317
  • Updated: 12/19/2025
  • Added to Site: 44 day(s) ago

Interior

  • Rooms/Areas: Living Room
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Furnishings: Unfurnished
  • Flooring: Mixed

Rooms

Bathrooms

  • Total Bathrooms: 18
  • 3/4 Bathrooms: 18

Bedrooms

  • Total Bedrooms: 22

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Security/Safety: Gated
  • Other Features: None

Parking

  • Garage Description: Driveway

Location

  • Area: Hancock Park-Wilshire
  • County: Los Angeles
  • Driving Directions: The property is located on the west side of the street between 4th and 5th Streets in the Koreatown/Wilshire area.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Water: District

Structural Information

  • Structure Type: Single Family Residence
  • Common Walls: Detached/No Common Walls
  • Entry Location: Main Level
  • Stories/Levels: 2
  • Square Feet: 5,814
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1920
  • Year Built Source: Vendor Enhanced
  • Property Condition: Fixer

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1839
  • Lot Size: 8010
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 50 x 160
  • Zoning: LAR4
  • Lot Description: 5 + Lots, Back Yard, Fenced

Financial Considerations

  • Price Per Sq. Ft.: $222.74
  • Assessment Year: 1920

Disclosures and Reports

  • Inclusions: None. Property is sold "as-is" in its current condition.
  • Disclosures/Reports: As Is
  • APN: 5504-025-017

Listed by I&J Properties, Julie Lee

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Listing agent

— 427 S Gramercy Pl —

  • Julie Lee

    I&J Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 427 S Gramercy Pl

School District:Los Angeles Unified School District
NameGradesDistance
Third Street Elementary School
201 South June Street, Los Angeles, CA 90004
K-51.3 mi
John Burroughs Middle School
600 McCadden Place, Los Angeles, CA 90005
7-81.3 mi
Fairfax Senior High School
7850 Melrose Avenue, Los Angeles, CA 90046
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 427 S Gramercy Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2025
Listed
$1,295,000
72.67%
MLS
6/25/2010
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 427 S Gramercy Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,264
103%
$960,870
2%
2024
$6,036
-49%
$942,030
2%
2023
$11,852
109%
$923,560
2%
2022
$5,661
-49%
$905,452
2%
2021
$11,155
-1%
$887,699
1%
2020
$11,260
4%
$878,598
2%
2019
$10,831
2%
$861,372
2%
2018
$10,659
2%
$844,484
2%
2017
$10,437
3%
$827,926
2%
2016
$10,146
1%
$811,693
2%
2015
$10,002
-1%
$799,502
2%
2014
$10,056
—
$783,842
—
2013
$10,050
—
$780,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by I&J Properties, Julie Lee

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427 S Gramercy Pl, Los Angeles, CA 90020 (MLS# 25626317) is a Single Family property with 22 bedrooms, 0 full bathrooms and 18 partial bathrooms. 427 S Gramercy Pl is currently listed for $1,295,000 and was received on December 04, 2025. Want to learn more about 427 S Gramercy Pl? Do you have questions about finding other Single Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.

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