1624 S Gramercy
Los Angeles, CA, 90019
$1,325,000
MLS: SR25260666
Beds
5
Baths
3
Sq Ft
3,016
Lot
0.20 ac
Year Built
1907
MLS #
SR25260666
Days on Market
61
Listed
Nov 14, 2025
Description
Complete Fixer – Great Investment Opportunity in Prime Mid Los Angeles. This two-story, 5-bedroom, 2.5-bath home offers incredible potential for investors and developers alike. Situated on a spacious lot in the highly desirable 90019 zip code, this property is a complete fixer—perfect for those looking to renovate or rebuild. With the ability to develop up to six units (buyer to verify), this site presents a rare chance to maximize value in a rapidly growing area. Conveniently located near major freeways, USC, and Downtown Los Angeles, the home provides excellent accessibility and strong long-term appeal. Please note: the property has known foundation issues and requires a new roof. Don’t miss this exceptional opportunity to transform a centrally located property in one of Los Angeles’ most sought-after neighborhoods.
Location
Los Angeles, Los Angeles County, CA 90019
Open on Google Maps ↗Listed by: Soraaya Eslamieh · My Valley Realty
Payment estimate
$9,504
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $132,500 · Loan: $1,192,500
- Principal & Interest
- $7,327
- Property tax (1.25%)
- $1,380
- Homeowners insurance
- $300
- Mortgage insurance
- $497
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $46,375 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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