620 S Gramercy Place 301
Los Angeles, CA, 90005
$625,000
MLS: 26649907
Beds
2
Baths
2
Sq Ft
948
Lot
1.18 ac
Year Built
1990
MLS #
26649907
Days on Market
63
Listed
Feb 10, 2026
Description
Welcome to this beautifully updated 2-bedroom, 2-bath front unit condo in the heart of Koreatown. Positioned on a west-facing, southeast corner location, this bright and airy residence enjoys open sky views, excellent airflow, and only one shared wall, offering exceptional privacy. One of the larger two-bedroom floor plans in the 620 Gramercy complex, the home features an open layout filled with natural light. The spacious living room includes a cozy fireplace and direct access to a private balcony, perfect for relaxing or enjoying fresh air. The thoughtfully designed floor plan separates the bedrooms for added privacy. The primary suite features a full bathroom and walk-in closet. The kitchen is upgraded with a new microwave, new gas range oven, and new dishwasher. Fresh new interior paint and high-quality carpeting throughout create a clean, turnkey living environment. This secure, hotel-style community offers 24-hour security and resort-like amenities including a rooftop pool and spa with panoramic city views, fitness center, spa-style shower rooms, guest parking, and on-site management. The unit includes two assigned parking spaces. newly installed EV charging station. Conveniently located near Hancock Park, Larchmont Village, The Grove, Beverly Hills, and Downtown LA, with easy access to popular dining, shopping, and public transportation. Ideal as a primary residence or investment opportunity.
Location
Los Angeles, Los Angeles County, CA 90005
Open on Google Maps ↗Listed by: Sukyoung Lee · Redpoint Realty
Payment estimate
$4,642
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $62,500 · Loan: $562,500
- Principal & Interest
- $3,456
- Property tax (1.25%)
- $651
- Homeowners insurance
- $300
- Mortgage insurance
- $234
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 $21,875 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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