620 S Gramercy Place 105
Los Angeles, CA, 90005
$619,000
MLS: 25587031
Beds
2
Baths
2
Sq Ft
935
Lot
1.18 ac
Year Built
1990
MLS #
25587031
Days on Market
51
Listed
Feb 4, 2026
Description
Prime Korea Town Location! This modern, upgraded 2-bedroom, 2-bathroom residence is situated in the center of Korea Town. The spacious home offers a modern, open floor plan filled with natural light, complemented by laminated hardwood floors throughout its 935 SF space and full wrap-around balconies for added privacy. The gourmet kitchen is tastefully adorned with modern materials and fixtures, featuring granite countertops, a bar area, hardwood cabinets, matched appliances, a stainless steel 2-compartment sink, and ample storage. Separated master bedrooms provide enhanced privacy. Turn key Move-in condition ready for the new owner. Surrounded by numerous amenities and restaurants in the neighborhood, the residence is conveniently located at Chapman Plaza, City Center on 6th, near Wilshire Country Club, Hancock Park, Larchmont village, DTLA, the Grove, Beverly Hills, and public transit. Walking distance to schools. Enjoy a convenient lifestyle while tucked away from high-traffic roads!
Location
Los Angeles, Los Angeles County, CA 90005
Open on Google Maps ↗Listed by: Audrey Jung · B & B Investment Properties
Payment estimate
$4,600
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $61,900 · Loan: $557,100
- Principal & Interest
- $3,423
- Property tax (1.25%)
- $645
- Homeowners insurance
- $300
- Mortgage insurance
- $232
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 $21,665 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
See Los Angeles, CA 90005 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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