620 S Gramercy Place 229
Los Angeles, CA, 90005
$358,000
MLS: 26643797
Beds
0
Baths
1
Sq Ft
482
Lot
1.18 ac
Year Built
1990
MLS #
26643797
Days on Market
77
Listed
Jan 27, 2026
Description
Beautifully updated, light-filled residence located in the heart of Korea-town, offering a peaceful retreat within one of Los Angeles' most vibrant neighborhoods. Positioned on an east-facing orientation, the unit is bright and airy while enjoying open views away from busy streets, creating a quiet and private living experience.The open-concept layout is thoughtfully designed to maximize natural light and flow. A spacious living area opens to a charming balcony perfect for enjoying morning coffee, tending to a small planter garden, or ventilating the kitchen with ease. Fresh NEW PAINT and a true TURNKEY condition make this home move-in ready. This secure, hotel-style condominium community offers 24-hour security and resort-like amenities, including a rooftop deck with pool and hot tub, panoramic city views, spa-style shower rooms, a fully equipped fitness center, guest parking, and on-site management.Ideally situated in the Mid-Wilshire / Hancock Park corridor, just moments from popular restaurants, cafes, boutique markets, and a modern movie theater. Convenient access to Wilshire Country Club, Hancock Park, Larchmont Village, Downtown LA, The Grove, Beverly Hills, renowned schools, and public transportation.Perfect as a primary residence or investment opportunity. Don't miss this exceptional Korea-town gem.
Location
Los Angeles, Los Angeles County, CA 90005
Open on Google Maps ↗Listed by: Sukyoung Lee · Redpoint Realty
Payment estimate
$2,787
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $35,800 · Loan: $322,200
- Principal & Interest
- $1,980
- Property tax (1.25%)
- $373
- Homeowners insurance
- $300
- Mortgage insurance
- $134
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 $12,530 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.
Similar Homes Nearby
Active and pending listings in ZIP 90005 (Los Angeles) within ±10% of this home's price and size.
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.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.