4406 S Gramercy Place Los Angeles, CA 90062
Vermont Square Neighborhood
4
Beds
2
Baths
1,693
Sq Ft
5,201
Sq Ft Lot
About This Home
As of April 2025This fully renovated 1920s side-by-side duplex in South LA offers two spacious 2-bedroom units, each featuring approximately 860 SF of living space, making it ideal for both tenants and owner-occupants. The units have been beautifully updated with modern finishes, including remodeled kitchens with stainless steel appliances, new countertops, renovated bathrooms, and stylish laminate/tile flooring with recessed lighting. The property is gated and provides secure on-site parking, including surface parking at the front and single-car garages in the rear. Situated in a rapidly revitalizing area with increasing demand for housing and retail, it’s conveniently located just off Vernon Avenue with easy access to Western Avenue, a major North/South route, ensuring excellent transit connectivity.
Last Agent to Sell the Property
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 01/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,253
Year Built
- Built in 1922
Lot Details
- 5,201 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,693 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 413
- Tax Tract Number 232
- Assessor Parcel Number 5015001025
- $319 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $1,512
- Maintenance Expense $497
- Water Sewer Expense $800
- New Taxes Expense $11,305
- Operating Expense $15,314
- Gross Income $56,572
- Net Operating Income $41,258
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2025
Closed on
Mar 3, 2025
Sold by
Gramercy Llc
Bought by
Salcedo Raymon B
Seller's Agent
Everett Wong
Greysteel California, Inc.
Buyer's Agent
Jon M Perez
First Team Real Estate
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,576
Avg. Annual Appreciation
-0.52%
Original Mortgage
$439,000
Outstanding Balance
$437,511
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$335,824
Purchase Details
Closed on
May 12, 2020
Sold by
5105 Harvard Llc
Bought by
Gramercy Llc
Purchase Details
Listed on
Jul 12, 2018
Closed on
Oct 2, 2018
Sold by
Alco126 Llc
Bought by
5105 Harvard Llc
Seller's Agent
Michael Pourmirza
Peak Commercial, Inc
List Price
$678,000
Sold Price
$605,000
Premium/Discount to List
-$73,000
-10.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%
Purchase Details
Listed on
Jan 4, 2018
Closed on
Mar 21, 2018
Sold by
Mills Fiduciary Services Inc
Bought by
Alco126 Llc
Seller's Agent
Nancy Sanborn
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marcia Francois
List Price
$299,000
Sold Price
$500,000
Premium/Discount to List
$201,000
67.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.28%
Purchase Details
Closed on
Jul 21, 2017
Sold by
Boehmer Norine
Bought by
Boehmer & Mills Fiduciary Services Inc
Purchase Details
Closed on
Mar 14, 2011
Sold by
243 Newport
Bought by
Evans Walter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
4.77%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 8, 2010
Sold by
U S Bank National Association
Bought by
243 Newport Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 20, 2009
Sold by
Robinson Reola L
Bought by
Us Bank National Association
Purchase Details
Closed on
Aug 13, 2008
Sold by
Robinson Reola L
Bought by
Robinson Reola L and Reola L Robinson Family Trust
Purchase Details
Closed on
Dec 29, 1999
Sold by
Robinson Isaiah
Bought by
Robinson Isaiah and Robinson Reola L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.68%
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $775,000 | Ticor Title Company | |
| Quit Claim Deed | -- | Accommodation | |
| Grant Deed | $605,000 | Old Republic Title Company | |
| Grant Deed | $500,000 | Old Republic Title Company | |
| Personal Reps Deed | -- | None Available | |
| Grant Deed | $325,000 | Lawyers Title Company | |
| Grant Deed | $176,000 | Lsi Title Company Ca | |
| Trustee Deed | $215,000 | Servicelink | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $439,000 | New Conventional | |
| Previous Owner | $453,750 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $231,000 | Purchase Money Mortgage | |
| Previous Owner | $231,000 | Unknown | |
| Previous Owner | $418,500 | Unknown | |
| Previous Owner | $100,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | Sold | $775,000 | -2.5% | $458 / Sq Ft |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 02/06/2025 02/06/25 | Price Changed | $795,000 | -6.5% | $470 / Sq Ft |
| 01/06/2025 01/06/25 | For Sale | $850,000 | +40.5% | $502 / Sq Ft |
| 10/26/2018 10/26/18 | Sold | $605,000 | -10.8% | $357 / Sq Ft |
| 09/23/2018 09/23/18 | Pending | -- | -- | -- |
| 07/12/2018 07/12/18 | For Sale | $678,000 | +35.6% | $400 / Sq Ft |
| 04/18/2018 04/18/18 | Sold | $500,000 | +23.5% | $295 / Sq Ft |
| 03/15/2018 03/15/18 | Pending | -- | -- | -- |
| 02/13/2018 02/13/18 | Price Changed | $404,750 | +35.4% | $239 / Sq Ft |
| 01/04/2018 01/04/18 | For Sale | $299,000 | -- | $177 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,253 | $674,884 | $384,852 | $290,032 |
| 2024 | $8,253 | $661,652 | $377,306 | $284,346 |
| 2023 | $8,100 | $648,679 | $369,908 | $278,771 |
| 2022 | $7,730 | $635,960 | $362,655 | $273,305 |
| 2021 | $7,630 | $623,492 | $355,545 | $267,947 |
| 2020 | $7,706 | $617,100 | $351,900 | $265,200 |
| 2019 | $7,405 | $605,000 | $345,000 | $260,000 |
| 2018 | $4,600 | $365,941 | $219,565 | $146,376 |
| 2017 | $3,258 | $254,328 | $178,571 | $75,757 |
| 2016 | $3,170 | $249,342 | $175,070 | $74,272 |
| 2015 | $3,126 | $245,598 | $172,441 | $73,157 |
| 2014 | $3,150 | $240,788 | $169,064 | $71,724 |
Source: Public Records
Agents Affiliated with this Home
-
Everett Wong
Seller's Agent in 2025
Everett Wong
Greysteel California, Inc.
(310) 382-6705
1 in this area
23 Total Sales
-
Jon M Perez
Buyer's Agent in 2025
Jon M Perez
First Team Real Estate
(714) 865-3035
1 in this area
155 Total Sales
-
Michael Pourmirza
Seller's Agent in 2018
Michael Pourmirza
Peak Commercial, Inc
(818) 999-9666
6 Total Sales
-
Nancy Sanborn
Seller's Agent in 2018
Nancy Sanborn
Berkshire Hathaway HomeServices California Properties
(310) 777-7800
7 in this area
224 Total Sales
-
M
Buyer's Agent in 2018
Marcia Francois
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25003300
APN: 5015-001-025
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