427 S Gramercy Place, Los Angeles, CA 90020 (MLS # 25608107)

Price $1,299,000
Status Active
Beds 13
Baths 5 Baths
Home size 5,814 sqft
Lot Size 8,011 sqft
Days on Market 3
Lender Owned Property!!! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers tremendous potential for restoration, conversion, or new construction. The existing structure features 13 rooms and 5 bathrooms, totaling approximately 5,814 sq.ft., situated on a 7,996 sq.ft. lot with wood-frame construction. Zoned R4, the site supports high-density residential or mixed-use developmentan opportunity rarely available in this prime area of Los Angeles. Enjoy excellent walkability (Walk Score 94) near Wilshire Blvd, shopping, dining, and public transit.Located within prestigious 3rd Street Elementary School District, adding long-term value and desirability. All information regarding the property is not guaranteed by Seller or Brokers. Buyer must conduct a full independent investigation of all permits, zoning, square footage, property condition, and all matters related thereto prior to purchase. Offer subject to interior inspection. PEAD form (see DOCS section) must be completed and submitted prior to entry.
Property Type(s): Single Family
Last Updated 10/19/2025 Year Built 1920
Community C18 - Hancock Park-Wilshire County Los Angeles

Additional Details

AIR None
AREA C18 - Hancock Park-Wilshire
CONSTRUCTION Wood Siding
FIREPLACE Yes
HEAT Forced Air
LOT 8011 sq ft
LOT DESCRIPTION Back Yard
LOT DIMENSIONS 50x160
PARKING Driveway
POOL DESCRIPTION None
SEWER Other
STORIES 2
STYLE MidCenturyModern
VIEW DESCRIPTION None
WATER Public

Location

Listed with I&J Properties

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