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Listed by: Julie Lee (213) 718-3333 DRE #00977271 | I&J Properties (213) 718-3333
$1,295,000
22 Beds
18 Baths
5,814sqft
427 S Gramercy Pl, Los Angeles, CA 90020
$1,295,000
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Single Family Residence
Built in 1920
$-- HOA
8,010 sqft lot
$223/sq.ft
Description
Lender Owned Property! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and the Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers exceptional potential for restoration, conversion, or ground-up construction. The existing physical layout includes 22 rooms and 18 bathrooms, totaling approximately 5,814 sqft. on 8,010 sqft. lot. However, city records reflect 13 bedrooms and 5 bathrooms, and the Buyer is strongly advised to independently verify all permits, room/bath counts, square footage, zoning, and any unpermitted improvements. The property is located in a prime high-density residential zone (R4), allowing for multifamily or...
Continue Reading- Houzeo last checked: 47 Minutes ago
- Listing updated: December 19, 2025 at 12:47 pm
- Source: California Regional MLS-CA | MLS#: 25626317
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
2
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
5,814 sqft
Lot Size
8,010 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25626317
MLS Status
Pending
Days on Market
17
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