$1,286,000
SOLD DEC 11, 2024

721 Gramercy Dr Los Angeles, CA 90005

Koreatown Neighborhood
4 Beds
2 Baths
1,817 Sq Ft
6,255 Sq Ft Lot

Recently Sold

$708 Per Sq Ft

14% Below List Price

118 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • 4 Car Attached Garage
  • Living Room with Fireplace
  • No HOA
  • 1-Story Property

About This Home

As of December 2024

Single family home, centrally situated in the highly sought after Hancock Park/ Koreatown on a large R4 lot, this property allows endless possibilities for owner users and investors alike. Step into this beautifully renovated & updated 1920 traditional home in the heart of Hancock Park/ Koreatown. Gorgeous inside and out, with incredible curb-appeal & mature landscaping. The perfect mix of original elegance and designer touches, with beautiful hardwood floors, detailed molding & gorgeous original fireplace mantel. The home has 4 spacious bedrooms and 2 full bathrooms. Updated kitchen has everything you need for seamless entertaining & cooking. Off the kitchen, is a lovely dining room which leads to a spacious living room with working fireplace! Direct access from the rear of house offers a gorgeous private backyard, perfect for summer entertaining & relaxing. Beautifully manicured driveway for parking & a secured gate for access to the garage parking in back. This home is desirably located & has easy access to all that Los Angeles has to offer; just three blocks from Wilshire & Western Metro station! Home also offers stainless steel kitchen appliances, full-size washer & dryer, & central air conditioning & heat. **Sale of the home also comes with APPROVED CITY PLANS TO CONVERT EXISTING GARAGE INTO ADU** 24-48 hour notice for all showings. Please read showing remarks for all appts.

Last Agent to Sell the Property

Christina Graziano

Keller Williams Beverly Hills License #02072713 Listed on: 07/25/2024

Keller Williams Beverly Hills

Last Buyer's Agent

Lin Deng

Pinnacle Real Estate Group License #02222809

Pinnacle Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,671

Year Built

  • Built in 1920

Lot Details

  • 6,255 Sq Ft Lot
  • Property is zoned LAR4

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,817 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Laminate Flooring
  • City Lights Views
  • Dishwasher
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Attached Garage
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5092-028-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,671

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1817
  • Lot Acreage: 0.1436
  • Year Built: 1920
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Wood Laminate
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 714.91

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car, Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5092-028-024
  • Lot Size Area: 6255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Jan 22, 2025
Sold by
Wp6801 Llc
Bought by
Wp6801 Llc
Seller's Agent
Christina Graziano
Keller Williams Beverly Hills
Buyer's Agent
Lin Deng
Pinnacle Real Estate Group
List Price
$1,495,000
Sold Price
$1,286,000
Premium/Discount to List
-$209,000
-13.98%
Views
31
Current Estimated Value
$1,346,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,518
Avg. Annual Appreciation
5.08%
Original Mortgage
$771,600
Outstanding Balance
$767,658
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$568,359

Purchase Details

Closed on
Sep 27, 2024
Sold by
Champion Ancelle Llc
Bought by
Wp6801 Llc

Purchase Details

Closed on
Nov 4, 2015
Sold by
Mayberg Joseph I
Bought by
Champion Ancelle Llc

Purchase Details

Closed on
Apr 24, 2015
Sold by
Mayberg Sara
Bought by
Mayberg Joseph I

Purchase Details

Closed on
Dec 30, 2014
Sold by
Han Hyon Soon
Bought by
Mayberg Joseph I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2011
Sold by
Han Hyon Soon
Bought by
Han Hyon Soon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2010
Sold by
Wasserman Terry K and Estate Of Verna L Bright
Bought by
Han Hyon Soon
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 Type Sale Price Title Company
Grant Deed -- Old Republic Title
Grant Deed $1,286,000 Progressive Title Company
Grant Deed $1,286,000 Progressive Title Company
Grant Deed $1,100,000 Lawyers Title
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $765,000 Fidelity
Interfamily Deed Transfer -- None Available
Grant Deed $475,000 California Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $771,600 New Conventional
Previous Owner $765,000 Adjustable Rate Mortgage/ARM
Previous Owner $612,000 New Conventional
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $1,286,000 -1.0% $708 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
09/14/2024 09/14/24 Price Changed $1,299,000 -3.7% $715 / Sq Ft
09/06/2024 09/06/24 Price Changed $1,349,500 -3.3% $743 / Sq Ft
08/25/2024 08/25/24 Price Changed $1,395,000 -6.7% $768 / Sq Ft
07/25/2024 07/25/24 For Sale $1,495,000 -- $823 / 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 $15,671 $1,286,000 $1,029,000 $257,000
2024 $15,671 $1,276,638 $1,019,223 $257,415
2023 $15,371 $1,251,607 $999,239 $252,368
2022 $14,660 $1,227,067 $979,647 $247,420
2021 $14,479 $1,203,008 $960,439 $242,569
2019 $14,047 $1,167,327 $931,952 $235,375
2018 $13,929 $1,144,439 $913,679 $230,760
2016 $13,325 $1,100,000 $878,200 $221,800
2015 $6,295 $510,160 $322,208 $187,952
2014 $6,323 $500,168 $315,897 $184,271
Source: Public Records

Agents Affiliated with this Home

  • Christina Graziano

    Seller's Agent in 2024

    Christina Graziano

    Keller Williams Beverly Hills

    (310) 432-6400

    1 in this area

    29 Total Sales

    Christina Graziano
    Section Image

  • L

    Buyer's Agent in 2024

    Lin Deng

    Pinnacle Real Estate Group

    (626) 888-9808

    1 in this area

    3 Total Sales

    Lin Deng
    Section Image
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Map

Source: The MLS

MLS Number: 24-417079

The MLS

APN: 5092-028-024

California Los Angeles County Los Angeles 90005 Koreatown

721 Gramercy Dr, Los Angeles, CA

This home is located at 721 Gramercy Dr, Los Angeles, CA 90005 and is currently priced at $1,286,000, approximately $707 per square foot. This property was built in 1920. 721 Gramercy Dr is a home located in Los Angeles County with nearby schools including Wilton Place Elementary School, John Burroughs Middle School, and Los Angeles Senior High School.

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