724 Gramercy Dr Los Angeles, CA 90005

$1,300,000 Sold Price as of 06/15/2016

3 Beds
1 Baths
1,622 Sq.Ft.

Off Market

$1,300,000 Sold Price as of 06/15/2016 Refinance Your Mortgage

Map preview of 724 Gramercy Dr, Los Angeles, CA 90005

Property Overview: 724 Gramercy Dr Los Angeles, CA has 3 bedrooms, 1 bathrooms, 1,622 living square feet and 6,249 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

724 Gramercy Dr is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 724 Gramercy Dr

Last sold for $1,300,000 on June 15th, 2016

February, 2024
Feb 21, 2024

Date

Canceled

CRMLS: SR23158765

$1,549,000

Price
Aug 24, 2023

Date

Active

CRMLS: SR23158765

$1,600,000

Price
Listing provided courtesy of CRMLS

Recent remodel in Mid-Wilshire! Attention to detail in this stunning 4 +2 within walking distance of shops/restaurants. Split system cooling and heating. Furniture included in sale, just bring your suitcase and move right in! Attn Developers: R4 TOC Tier 3 development opportunity located in Mid-Wilshire! Lot size is approximately 6,249 sqft. TOC incentives allow for reduced parking & setback requirements and increased density options. Seller is in possession of SB 8 Exemption letter from LAHD. Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Buyer to verify all zoning and TOC guidelines with LADBS. Do not miss this prime opportunity. SELLER Info herein is not verified by agent. Buyer to verify all info & rely on their own findings as to what Los Angeles City Planning will allow.

Continue Reading
August, 2023
Aug 24, 2023

Date

Canceled

CRMLS: SR23030938

$1,495,000

Price
Feb 23, 2023

Date

Active

CRMLS: SR23030938

$1,495,000

Price
Listing provided courtesy of CRMLS

Seller has secured SB 8 Exemption letter from LAHD. Zoned LAR4. R4 TOC Tier 3 development opportunity located in Mid-Wilshire! Lot size is approximately 6,249 sqft. TOC incentives allow for reduced parking & setback requirements and increased density options. Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Buyer to make own investigation and verify all zoning and TOC guidelines with LADBS. Do not miss this prime opportunity. SELLER Info herein is not verified by agent. Buyer to verify all info & rely on their own findings as to what Los Angeles City Planning will allow. There are two structures on the property.

Continue Reading
April, 2022
Apr 19, 2022

Date

Active Under Contract

CRMLS: SR22033508

$1,600,000

Price
Feb 23, 2022

Date

Active

CRMLS: SR22033508

$1,600,000

Price
Feb 20, 2022

Date

Active

CRMLS: SR22033508

$1,600,000

Price
Listing provided courtesy of CRMLS

IMPORTANT UPDATE: Seller is in possession of SB 8 Exemption letter from LAHD. Presenting R4 TOC Tier 3 development opportunity located in Mid-Wilshire! Lot size is approximately 6,249 sqft. TOC incentives allow for reduced parking & setback requirements and increased density options. Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Buyer to verify all zoning and TOC guidelines with LADBS. Do not miss this prime opportunity. SELLER Info herein is not verified by agent. Buyer to verify all info & rely on their own findings as to what Los Angeles City Planning will allow.

Continue Reading
June, 2016
Jun 15, 2016

Date

Sold (Public Records)

Public Records

$1,300,000

Price
March, 2011
Mar 28, 2011

Date

Sold (Public Records)

Public Records

$450,000

Price

Tax History for 724 Gramercy Dr

Assessed Value (2020): $1,407,159

Year	Land Value	Improved Value	Assessed Value
2020	$1,094,662	$312,497	$1,407,159

About 724 Gramercy Dr

Detailed summary of property

724 Gramercy Dr is a single family home in Los Angeles, CA 90005 and last sold on June 15, 2016 for $1,300,000. This house has 3 bedrooms, 1 bathrooms, roughly 1,622 living square feet, and sits on an approximately 6,249 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.07% higher than the current median priced home. 724 Gramercy Dr was last sold on June 15, 2016 for $1,300,000. Local nearby listings include 618 S Van Ness Ave #3, 3715 San Marino St #104 and 570 S Van Ness Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 724 Gramercy Dr Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 724 Gramercy Dr

Public county record property details

Beds: 3
Baths: 1
Year built: 1923
Sq. Ft.: 1,622
Lot Size: 6,249
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5092-028-014

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$839,000

Median List Price/Sq.Ft.

$643

Median Sold Price

$695,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

92.79%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote