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$ 1,685,000
Est. payment /mo
New
245 N Gramercy Place Los Angeles, CA 90004
3 Beds
2.5 Baths
1,888 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,888 sqft
Price per Sqft $892
MLS Listing ID CL26862911
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1918
Lot Size 6,886 Sqft
Acres 0.1581
Property Sub-Type Single Family Residence
Property Description
We are pleased to present 245 N Gramercy Pl, an exceptional value-add opportunity located in the highly sought-after neighborhood of Larchmont Village. Whether you're an experienced investor, renovation specialist, or an owner-user looking to create your forever home, this property offers a rare chance to reimagine a classic residence in one of Los Angeles' most desirable neighborhoods. Situated on a generous 6,886 square foot lot, the property currently consists of a 3-bedroom, 2.5-bathroom single-family residence totaling approximately 1,888 square feet. While the home requires a comprehensive renovation, its existing footprint, lot size, and desirable location provide the ideal foundation for a transformative project. Buyers will have the opportunity to restore its original character while incorporating today's modern finishes, floor plan preferences, and design elements to create a truly one-of-a-kind residence. To further enhance the opportunity, the Seller has ready-to-issue permit & plans available to, without moving walls, efficiently transform the existing home into a stunning 4-bedroom, 4-bathroom residence. These plans present a compelling option for buyers seeking a larger family home, a co-living investment, or housing for transitional or sober living (subject to buyer verification and all applicable regulations). The property's favorable lot configuration and driveway access also provide the opportunity to construct a 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) that also already has its own ready-to-issue permit & plans. An ADU could provide additional living space for multigenerational households, a guest house, home office, or supplemental rental income while preserving valuable onsite parking. Ideally positioned just moments from the shops, restaurants, cafs, and weekly farmers market of Larchmont Village, the property also offers convenient access to Hollywood, Koreatown, Hancock Park, Beverly Grove, Downtown Los Angeles, and Beverly Hills. Opportunities to acquire and renovate a single-family home in such a premier central Los Angeles location are increasingly scarce, making 245 N Gramercy Pl an outstanding opportunity for buyers looking to create substantial value in a neighborhood with enduring demand. Contact listing broker for additional information.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Pool None
Total Parking Spaces 4
Private Pool false
Building
Story 1
Architectural Style Craftsman
Level or Stories One Story
New Construction No
Others
Tax ID 5516019002
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Casey Lins • Kidder Mathews of California, Inc.