749 Gramercy Dr Los Angeles, CA 90005

$--

6 Beds
6 Baths
5,465 Sq.Ft.

Off Market

Map preview of 749 Gramercy Dr, Los Angeles, CA 90005

Property Overview: 749 Gramercy Dr Los Angeles, CA has 6 bedrooms, 6 bathrooms, 5,465 living square feet and 6,855 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

749 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.

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Sale History for 749 Gramercy Dr

Last sold on September 16th, 2020

January, 2023
Jan 30, 2023

Date

Canceled

CRMLS: 22217293

$29,000,000

Price
Nov 10, 2022

Date

Active

CRMLS: 22217293

$29,000,000

Price
Listing provided courtesy of CRMLS

ST Realty is pleased to present the opportunity to acquire a brand new, vacant, 91 market-rate suites apartment building in the heart of Koreatown. The construction will be completed by the end of 2023. This opportunity is perfect for a none for profit or a business that wants to provide market-rate but affordable housing to its staff. The Property, located at 3955 W 8th St offers luxury suites with a shared kitchen & living room. It also includes in-unit washers & dryers, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C, and heat, gated parking, and incredible views! The Property is centrally located in Koreatown and a short distance away from, Larchmont, Downtown, and Hollywood.

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September, 2020
Sep 16, 2020

Date

Sold (Public Records)

Public Records

--

Price
September, 2020
Sep 2, 2020

Date

Expired

CRMLS: 20543436

$4,100,000

Price
Jul 10, 2020

Date

Withdrawn

CRMLS: 20543436

$4,100,000

Price
Jun 10, 2020

Date

Price Change

CRMLS: 20543436

$4,100,000

Price
Feb 6, 2020

Date

Active

CRMLS: 20543436

$4,230,000

Price
Feb 5, 2020

Date

Hold

CRMLS: 20543436

$4,230,000

Price
Jan 13, 2020

Date

Active

CRMLS: 20543436

$4,230,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCED - BUY AND BUILD!** 743-749 Gramercy Dr, LA 90005. RARE development opportunity in the PRIME KOREATOWN submarket of Los Angeles, delivered 100% un-occupied and fully RTI for 47 units by approximately SEPTEMBER 2020. CORNER DOUBLE LOT with 13,108 SQFT zoned R4-1 and TOC TIER 3. Submitted design calls for a 47 Unit luxury apartment building located within immediate walking distance of major amenities in the main Koreatown business center 0.5 miles from the subject. Also located within 0.4 miles (10 min walking distance) of the main METRO station at Wilshire and Western with immediate access to Downtown Los Angeles. The sales packet includes fully stamped and approved Architectural, Structural, landscape, LID and shoring plans, plus approved Soil Report, Survey, and all other pertinent docs and plans as required by the City of Los Angeles LADBS for an RTI approval. WALK SCORE 91. Washer/Dryer and balconies. 5 units Affordable.(**NOTE** RTI does not include building permits

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February, 2020
Feb 20, 2020

Date

Sold (Public Records)

Public Records

--

Price
May, 2019
May 31, 2019

Date

Sold

CRMLS: 18397698

$1,875,000

Price
Jan 23, 2019

Date

Price Change

CRMLS: 18397698

$2,100,000

Price
Jan 19, 2019

Date

Price Change

CRMLS: 18397698

$1,950,000

Price
Dec 14, 2018

Date

Active Under Contract

CRMLS: 18397698

$2,100,000

Price
Nov 27, 2018

Date

Price Change

CRMLS: 18397698

$2,100,000

Price
Oct 31, 2018

Date

Active Under Contract

CRMLS: 18397698

$1,849,999

Price
Oct 31, 2018

Date

Active Under Contract

CRMLS: 18397698

$1,849,999

Price
Oct 17, 2018

Date

Active

CRMLS: 18397698

$1,849,999

Price
Listing provided courtesy of CRMLS

Builder's Dream. Not to be missed. Koreatown is booming with development! This is a beautiful 6-unit French Normandy in the most prime location. On a prime corner lot, with many perks. It is an 8-minute walk to the Wilshire/Western Metro and footsteps away from the hottest cafÃƒÂ©s, trendy restaurants and exclusive shopping. Truly a developer's dream as the potential here is incomparable! The opportunities are endless with 6855sf ( per assessor ) of dreams! While checking with the city and awaiting the permitting process, you will also be collecting rent from the existing 6-units on the property. On the Northwest corner of 8th Street and Gramercy Drive. Legal address is 749 South Gramercy Drive. Los Angeles CA. 90005. BUILD YOUR DREAM TODAY!

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January, 2019
Jan 1, 2019

Date

Expired

CRMLS: 18367124

$1,849,999

Price
Oct 17, 2018

Date

Withdrawn

CRMLS: 18367124

$1,849,999

Price
Sep 26, 2018

Date

Price Change

CRMLS: 18367124

$1,849,999

Price
Jul 20, 2018

Date

Active

CRMLS: 18367124

$1,979,888

Price
Listing provided courtesy of CRMLS

TRUST SALE, No court confirmation. Koreatown is booming with development! This is a beautiful 6-unit French Normandy in the most prime location of Koreatown! This property is being sold for Land value, as this is the best use for maximizing the TREMENDOUS upside and value-add opportunity. On a prime corner lot, with many perks. It is an 8-minute walk to the Wilshire/Western Metro and footsteps away from the hottest cafÃƒÂ©s, trendy restaurants and exclusive shopping. Truly a developer's dream as the potential here is incomparable! The opportunities are endless with nearly 7,000sf of dreams! While checking with the city and awaiting the permitting process, you will also be collecting rent from the existing 6-units on the property. On the Northwest corner of 8th Street and Gramercy Drive. Legal address is 749 South Gramercy Drive. Los Angeles CA. 90005. BUILD YOUR DREAM TODAY!

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April, 2018
Apr 27, 2018

Date

Canceled

CRMLS: 18302894

$1,999,000

Price
Apr 14, 2018

Date

Price Change

CRMLS: 18302894

$1,999,000

Price
Apr 13, 2018

Date

Expired

CRMLS: 18302894

$2,099,000

Price
Mar 22, 2018

Date

Price Change

CRMLS: 18302894

$2,099,000

Price
Mar 22, 2018

Date

Active

CRMLS: 18302894

$1,750,000

Price
Mar 12, 2018

Date

Hold

CRMLS: 18302894

$1,750,000

Price
Mar 2, 2018

Date

Price Change

CRMLS: 18302894

$1,750,000

Price
Jan 25, 2018

Date

Price Change

CRMLS: 18302894

$1,780,000

Price
Jan 12, 2018

Date

Active

CRMLS: 18302894

$1,820,000

Price
Listing provided courtesy of CRMLS

Beautiful French Normandy on a corner lot adjacent to Windsor Square and Koreatown. Great development potential in this booming and very hot area. Separate meters for gas and electric. Newer copper plumbing with all individual water heaters in the basement. Newer " Grand Manor " roof. Two units with private entry and feels like your own private home. Four units with enormous kitchens. Each units have plenty or closets which is rare for the year of construction. Each unit has separate rooms and beautiful crown moldings. Plenty of French windows bring the sunlight into these bright large units. Buyer to cooperate with sellers 1031 tax differed exchange at no cost to buyer.

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Tax History for 749 Gramercy Dr

Assessed Value (2020): $1,913,700

Year	Land Value	Improved Value	Assessed Value
2020	$1,338,750	$574,950	$1,913,700

About 749 Gramercy Dr

Detailed summary of property

749 Gramercy Dr is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and is currently off market. This property has 6 bedrooms, 6 bathrooms, roughly 5,465 living square feet, and sits on an approximately 6,855 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. Local nearby listings include 3715 San Marino St #104, 618 S Van Ness Ave #3 and 957 S Gramercy Dr #105. 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 749 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 749 Gramercy Dr

Public county record property details

Beds: 6
Baths: 6
Year built: 1938
Sq. Ft.: 5,465
Lot Size: 6,855
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10
APN: 5092-028-019

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%)

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(714) 706-1823

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