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$999,000 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,556 Sq. Ft.
  • 2 Car Garage
  • Updated 4 days ago
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Hollywood Hills Views from a Corner Townhome at The Gramercy Set in the heart of Hollywood, this modern corner townhome pairs a quiet setting with some of the best views in the neighborhood. Built in 2015 and meticulously maintained, it offers 3 bedrooms, 2.5 baths, and a dedicated home office across approximately 1,556 sq ft. Wake up to the Hollywood Hills and Griffith Observatory, visible from both the living room and the primary suite. In the evening, step onto your private balcony to watch the sun set behind the historic California Bank building made famous in L.A. Confidential. Builder and designer upgrades are throughout: stone tile and hardwood floors, quartz countertops, stainless steel appliances, custom wood blinds, and recessed lighting. Everyday comforts include a tankless water heater, reverse-osmosis water filtration, a touchless kitchen faucet, a security system, and a separate laundry closet. A private attached two-car garage and a low HOA complete the package. Step outside and you're minutes from Jitlada, Harvard & Stone, Know Where Bar, UCB comedy, the Pantages Theatre, the Hollywood Palladium, Netflix's Hollywood headquarters, and multiple Metro stops. Move-in ready, with Hollywood at your doorstep.

Full Property Details for 5627 Observation

General

  • Price: $999,000
  • HOA FEE: $142/month
  • Status: Active
  • Type: Townhouse
  • Source: MRMLS
  • MLS ID: OC26213535
  • Updated: 10/2/2026
  • Days on Market: 5 days
  • Added to Site: 5 day(s) ago

Interior

  • Rooms/Areas: Primary Bedroom, All Bedrooms Up, Office, Living Room, Family Room, Primary Bathroom
  • Fireplace(s): None

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: In Closet, Washer Included, Dryer Included

Additional Information

  • Shared Amenities: Pets Permitted, Management, Maintenance Front Yard, Utilities, Maintenance Grounds
  • Pool Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 2

Location

  • County: Los Angeles
  • Driving Directions: Off of Gramercy Pl and between Hollywood Blvs and Franklin Ave

School Information

  • School District: Los Angeles Unified

Community

  • Community Features: Curbs, Biking, Hiking, Foothills, Street Lights, Urban, Sidewalks, Park
  • Assoc. Name: Gramercy at Hollywood

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Townhouse
  • Common Walls: No Common Walls, End Unit
  • Entry Location: 1
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 1,556
  • Sq. Ft. Source: Assessor
  • Year Built: 2015
  • Year Built Source: Assessor

Unit Information

  • Units in Complex: 15

Lot Features

  • Property View: Mountain(s), City Lights, Hills, Canyon
  • Lot Size (Acres): 0.0585
  • Lot Size (Sq. Ft.): 2,550
  • Lot Size Source: Assessor

Financial Considerations

  • Price Per Sq. Ft.: $642.03
  • Association Fee: $142
  • Assoc Fee Freq.: Monthly

Disclosures and Reports

  • Special Conditions: Standard

Listed by Sender Realty, Inc., Benjamin Cheng

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Listing agent

— 5627 Observation —

  • Benjamin Cheng

    Sender Realty, Inc.

bcheng92@gmail.com

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 5627 Observation

School District:Los Angeles Unified School District
NameGradesDistance
Grant Elementary School, Los Angeles, CA
1530 Wilton Place, Los Angeles, CA 90028
K-60.2 mi
Hollywood Senior High School
1521 Highland Avenue, Los Angeles, CA 90028
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5627 Observation Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/01/2026
Listed
$999,000
-5.75%
MLS
8/09/2021
Sold
$1,060,000
—
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 5627 Observation

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,585
—
$1,147,375
2%
2025
$13,585
3%
$1,124,879
4%
2023
$13,194
5%
$1,081,200
2%
2022
$12,574
12%
$1,060,000
13%
2021
$11,251
-1%
$939,634
1%
2020
$11,366
15%
$930,000
13%
2019
$9,896
1%
$825,332
2%
2018
$9,828
2%
$809,150
2%
2017
$9,611
104%
$793,285
106%
2016
$4,719
2%
$385,558
2%
2015
$4,622
—
$379,768
—
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.

Estimate the Cost for 5627 Observation

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Sender Realty, Inc., Benjamin Cheng

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5627 Observation, Los Angeles, CA 90028 (MLS# OC26213535) is a Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 5627 Observation is currently listed for $999,000 and was received on October 01, 2026. Want to learn more about 5627 Observation? Do you have questions about finding other Townhouse real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

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