854 S Gramercy Place Los Angeles, CA 90005
Koreatown NeighborhoodEstimated payment $10,275/month
Total Views
1,835
9
Beds
5
Baths
5,584
Sq Ft
$304
Price per Sq Ft
About This Home
Discover an exceptional investment opportunity in the vibrant heart of Koreatown, Hancock Park! This beautiful building features spacious units with their own laundry rooms, each averaging 1,396 SF, perfect for modern living. With ample parking available and R3 tier3 zoning, the potential here is limitless. The two bedroom units have a den that can be utilized as an extra office space or bedroom. Don't miss your chance to capitalize on this prime location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,478
Year Built
- Built in 1924
Parking
- 7 Car Attached Garage
Interior Spaces
- 5,584 Sq Ft Home
- 2-Story Property
- Dishwasher
- Laundry in unit
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Additional Features
- 7,502 Sq Ft Lot
- Cooling System Mounted To A Wall/Window
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 5092-025-020
Map
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Home Values in the Area
Average Home Value in this Area
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 | $12,478 | $992,901 | $512,465 | $480,436 |
| 2024 | $12,478 | $973,433 | $502,417 | $471,016 |
| 2023 | $12,250 | $954,347 | $492,566 | $461,781 |
| 2022 | $11,703 | $935,635 | $482,908 | $452,727 |
| 2021 | $11,533 | $917,290 | $473,440 | $443,850 |
| 2019 | $11,199 | $890,085 | $459,399 | $430,686 |
| 2018 | $11,009 | $872,634 | $450,392 | $422,242 |
| 2016 | $10,485 | $838,750 | $432,903 | $405,847 |
| 2015 | $10,337 | $826,152 | $426,401 | $399,751 |
| 2014 | $10,393 | $809,970 | $418,049 | $391,921 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $1,695,000 | 0.0% | $304 / Sq Ft |
| 05/30/2023 05/30/23 | Rented | $3,300 | 0.0% | -- |
| 05/01/2023 05/01/23 | Price Changed | $3,300 | -5.7% | $1 / Sq Ft |
| 04/17/2023 04/17/23 | For Rent | $3,500 | -- | -- |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $775,000 | Provident Title | |
| Interfamily Deed Transfer | -- | Orange Coast Title Company | |
| Grant Deed | $879,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Interfamily Deed Transfer | -- | First American Title Co Los | |
| Individual Deed | $437,500 | Equity Title | |
| Grant Deed | $340,000 | Provident Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $505,000 | New Conventional | |
| Previous Owner | $521,250 | New Conventional | |
| Previous Owner | $939,250 | Purchase Money Mortgage | |
| Previous Owner | $703,200 | Purchase Money Mortgage | |
| Previous Owner | $30,000 | Unknown | |
| Previous Owner | $500,000 | New Conventional | |
| Previous Owner | $424,000 | Unknown | |
| Previous Owner | $393,750 | No Value Available | |
| Previous Owner | $272,000 | No Value Available | |
| Closed | $150,000 | No Value Available | |
| Closed | $87,900 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25576987
APN: 5092-025-020
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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