427 S Gramercy PL new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90020
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,814 sqft
Price per Sqft $223
MLS Listing ID 25608107
Bedrooms 13
Full Baths 5
Construction Status Fixer
HOA Y/N No
Year Built 1920
Lot Size 8,010 Sqft
Property Sub-Type Single Family Residence
Property Description
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. Seller may consider providing private financing to qualified buyers.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR4
Interior
Heating Forced Air
Cooling None
Fireplaces Type Living Room
Inclusions None. Property is sold "as-is" in its current condition.
Furnishings Unfurnished
Fireplace Yes
Laundry See Remarks
Exterior
Parking Features Driveway
Pool None
Community Features Gated
View Y/N No
View None
Private Pool No
Building
Lot Description Back Yard
Faces East
Story 2
Entry Level Two
Sewer Other
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5504025017
Security Features Gated Community
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard