NOT LISTED FOR SALE

255 S Gramercy Place Los Angeles, CA 90004

Koreatown Neighborhood

Estimated Value: $1,543,000 - $1,764,000

3 Beds
1 Bath
1,385 Sq Ft
$1,182/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $1,355,000 $978 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,277/month

13 Days on Market

Highlights

  • Craftsman Architecture
  • Room in yard for a pool
  • No HOA
  • Third Street Elementary School Rated A
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of March 2021

Ultra charming Craftsman bungalow sited on a quaint block with other restored Craftsman homes and featuring lots of original charm and character. Beautiful oak door welcomes you onto the front porch and into the living room with decorative fireplace and box beamed ceiling. The formal dining room is anchored by a beautiful original china cabinet and wood paneled walls. Period style kitchen plus a separate laundry room that leads to the yard. 3 well sized bedrooms (3rd bedroom could be a den or breakfast room) plus an updated bathroom. Head out to the large yard with 2 car garage and plenty of room to add on or build a guest house. Other improvements are updated electrical and central heat and air conditioning. PLUS within the 3rd Street School District. All offers to be submitted by Saturday, February 13th at 1pm.

Last Agent to Sell the Property

Rick Llanos

Coldwell Banker Realty License #01123101 Listed on: 02/03/2021

Coldwell Banker Realty

Last Buyer's Agent

Deborah Wolsh

Compass License #01903673

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,580

Year Built

  • Built in 1910

Lot Details

  • 7,973 Sq Ft Lot
  • Lot Dimensions are 50x159
  • Property is zoned LAR1

Parking

  • 2 Car Detached Garage

Home Design

  • Craftsman Architecture

Interior Spaces

  • 1,385 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Room in yard for a pool
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5516-016-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,580

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 1385
  • Lot Acreage: 0.1830
  • Lot Dimensions: 50x159
  • Stories: 1
  • Year Built: 1910
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Decorative
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Room, Inside
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Garbage Disposal, Dryer, Range/Oven, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 865.70

Exterior Features

  • Other Structures: None
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5516-016-013
  • Lot Size Area: 7973

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Mar 12, 2021
Sold by
Romero Peri Cristina N and Romero Andrea C
Bought by
Sheldon Jonathan and Varghese Bindhu
Seller's Agent
Rick Llanos
Coldwell Banker Realty
Buyer's Agent
Deborah Wolsh
Compass
List Price
$1,199,000
Sold Price
$1,355,000
Premium/Discount to List
$156,000
13.01%
Current Estimated Value
$1,595,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,628
Avg. Annual Appreciation
4.42%
Original Mortgage
$396,900
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2000
Sold by
Romero Ricardo J
Bought by
Romero Ricardo J and Ricardo Ana M

Purchase Details

Closed on
Oct 5, 1998
Sold by
Romero Ricardo J
Bought by
Romero Ricardo J and Romero Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.88%

Purchase Details

Closed on
Nov 2, 1995
Sold by
Romero Ricardo J
Bought by
Romero Ricardo J and Romero Ana M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sheldon Jonathan $1,355,000 Equity Title Los Angeles
Romero Ricardo J -- --
Romero Ricardo J -- Equity Title
Romero Ricardo J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheldon Jonathan $1,230,750
Closed Sheldon Jonathan $396,900
Closed Sheldon Jonathan $396,900
Closed Sheldon Jonathan $822,375
Previous Owner Romero Ricardo J $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2021 03/25/21 Sold $1,355,000 +13.0% $978 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $1,199,000 -- $866 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,580 $1,466,694 $1,190,674 $276,020
2024 $17,580 $1,437,936 $1,167,328 $270,608
2023 $17,242 $1,409,742 $1,144,440 $265,302
2022 $16,441 $1,382,100 $1,122,000 $260,100
2021 $1,258 $79,899 $53,198 $26,701
2020 $1,266 $79,081 $52,653 $26,428
2019 $1,228 $77,531 $51,621 $25,910
2018 $1,088 $76,011 $50,609 $25,402
2016 $1,029 $73,061 $48,645 $24,416
2015 $1,016 $71,965 $47,915 $24,050
2014 $1,032 $70,556 $46,977 $23,579
Source: Public Records

Agents Affiliated with this Home

  • Rick Llanos

    Seller's Agent in 2021

    Rick Llanos

    Coldwell Banker Realty

    (323) 810-0828

    4 in this area

    64 Total Sales

    Section Image
  • Deborah Wolsh

    Buyer's Agent in 2021

    Deborah Wolsh

    Compass

    (310) 433-0385

    1 in this area

    39 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 21-683150

The MLS

APN: 5516-016-013

California Los Angeles County Los Angeles 90004 Koreatown

255 S Gramercy Place, Los Angeles, CA

This home is located at 255 S Gramercy Place, Los Angeles, CA 90004 since 03 February 2021 and is currently estimated at $1,637,194, approximately $1,182 per square foot. This property was built in 1910. 255 S Gramercy Place is a home located in Los Angeles County with nearby schools including Third Street Elementary School, John Burroughs Middle School, and Fairfax High School.

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