3612 S Gramercy Place
Los Angeles, CA, 90018
$565,000
MLS: PW24253732
Beds
2
Baths
1
Sq Ft
984
Lot
0.12 ac
Year Built
1914
MLS #
PW24253732
Days on Market
99
Listed
Dec 24, 2024
Description
California Craftsman Bungalow Fixer-Upper Ready for Investor or Owner-user - Unlock the potential of this charming 1914 home and restore it to its original beauty in the rapidly transforming West Adams community of Jefferson Park. Just 7 minutes from USC, this property offers a unique opportunity to create your masterpiece while being close to a wealth of cultural and educational landmarks. Prime Location: Located in the vibrant West Adams area, this home is minutes from USC, Exposition Park, the new Crypto.com Arena and the L.A. Memorial Coliseum. Endless Potential: Ideal for investors or homeowners looking to restore a historic gem. This property offers a canvas for a stunning renovation with classic early-20th-century architecture. Neighborhood Transformation: West Adams is one of LA’s most dynamic neighborhoods, with increasing value and new developments. The area is attracting creatives, professionals, and entrepreneurs looking to be close to the heart of the city.
Location
Los Angeles, Los Angeles County, CA 90018
Open on Google Maps ↗Listed by: Lilli Oden · Coldwell Banker Envision
Payment estimate
$4,225
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $56,500 · Loan: $508,500
- Principal & Interest
- $3,124
- Property tax (1.25%)
- $589
- Homeowners insurance
- $300
- Mortgage insurance
- $212
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 $19,775 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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