Under ContractCondominium

1640 S Gramercy Place

Los Angeles, CA, 90019

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$649,000

MLS: 26784331

Beds

3

Baths

2

Sq Ft

1,367

Lot

Year Built

MLS #

26784331

Days on Market

12

Listed

Apr 22, 2026

Description

Rare 1920s 4-plex in the heart of Arlington Heights. This 3-bed, 2-bath home is bursting with natural sunlight and has been meticulously maintained by its current owners. Brimming with old Hollywood character and set behind iron gates and lush green hedges, the property welcomes you with a park-like front yard that's perfect for enjoying those warm LA summer nights.At over 1,300 SF, this lives like a true home formal dining room, decorative fireplace, soaring ceilings, original crown molding, and white oak flooring throughout. Original wood windows grace the front of the home, honoring its period character, while the remaining windows have been replaced with new double-pane. A brand new HVAC system and a crisp, renovated kitchen open to the living areas round out a home that blends historic charm with modern function seamlessly.Community outdoor spaces are exceptional and rare for the area: a sunlit front yard, al-fresco back patio with caf lights, and a communal vegetable garden. Additional highlights include in-unit laundry, ample closets, and two dedicated parking spaces.

Location

Los Angeles, Los Angeles County, CA 90019

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Listed by: Crystal Ortiz · eXp Realty of Greater Los Angeles

Payment estimate

$4,862

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $64,900 · Loan: $584,100

%
Principal & Interest
$3,642
Property tax (1.25%)
$676
Homeowners insurance
$300
Mortgage insurance
$243
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Today's Rates

As of May 7, 2026

30-year fixed
6.37%
15-year fixed
5.72%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

About the area · Mike Watson

About the Antelope Valley

The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.

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 $22,715 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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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.