620 S Gramercy Place 412
Los Angeles, CA, 90005
$550,000
MLS: PW25198567
Beds
0
Baths
1
Sq Ft
602
Lot
1.18 ac
Year Built
1990
MLS #
PW25198567
Days on Market
78
Listed
Sep 8, 2025
Description
$20,000 Free Grant available!! A Private Urban Retreat with Panoramic Views!! Welcome home to 620 S Gramercy Place Unit #412, a beautifully updated urban oasis where the vibrancy of Koreatown seamlessly meets the historic charm of Hancock Park. This isn't just a residence; it's a private retreat designed for modern living. Step inside this stunning unit and discover a bright, open floor plan. The updated kitchen is a chef's delight, boasting sleek countertops, stylish cabinetry, and stainless steel appliances that make both cooking and entertaining a pleasure. The smart layout features a separate loft space, providing a perfect division between your living and sleeping areas, ensuring privacy and tranquility. The updated bathroom offers a modern, clean design to start and end your day. Step out onto your private balcony and take in captivating views, the perfect spot for your morning coffee or an evening cocktail. Location is everything, and this unit delivers!! Your new home is also just steps away from the esteemed St. James' Episcopal School and Wilshire Park Elementary, making it a prime location for families. The building itself is a resort-style condominium with an array of amenities, including a rooftop pool and spa with panoramic views of Downtown LA and the Hollywood Hills, a fitness center and sauna room, and 24-hour on-site security with gated parking. With a remarkable Walk Score of 97, a true Walker's Paradise awaits. Explore the world-renowned dining and nightlife of Koreatown, or take a quick stroll to iconic Larchmont Village. Commuting is a breeze with excellent transit options, including the nearby Wilshire/Western Metro station. Best of all, you're only 13 miles from the sandy shores of Santa Monica, putting a classic California beach day well within reach. Live effortlessly in a location that truly has it all. This is an opportunity to own a piece of a truly dynamic and luxurious lifestyle.
Location
Los Angeles, Los Angeles County, CA 90005
Open on Google Maps ↗Listed by: Martin Pacheco · Real Broker
Payment estimate
$4,121
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $55,000 · Loan: $495,000
- Principal & Interest
- $3,041
- Property tax (1.25%)
- $573
- Homeowners insurance
- $300
- Mortgage insurance
- $206
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 $19,250 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.
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