8725 S Gramercy Place
Los Angeles, CA, 90047
$768,000
MLS: TR26126347
Beds
3
Baths
2
Sq Ft
1,374
Lot
0.16 ac
Year Built
1939
MLS #
TR26126347
Days on Market
31
Listed
Jun 23, 2026
Description
Welcome to this beautifully updated home in the heart of Los Angeles, offering comfort, style, and exceptional potential on a spacious lot. Ideally located just minutes from SoFi Stadium, Kia Forum, and Los Angeles International Airport, this move-in-ready residence provides convenient access to shopping, dining, entertainment, and major transportation corridors. Inside, you'll find numerous recent upgrades including fresh interior paint, new carpeting, attractive laminate flooring, reglazed kitchen countertops, recessed lighting, central heating and air conditioning, and sound-reducing windows and doors for enhanced interior comfort. The functional floor plan offers comfortable living spaces filled with natural light and a welcoming atmosphere throughout. Situated on a large lot, the property presents exciting possibilities for future expansion, including potential Junior ADU development (buyer to verify with applicable agencies). An upgraded 200-amp electrical panel provides ample power capacity and an excellent foundation for a future Junior ADU or other expansion projects. Whether you're a first-time buyer, investor, or looking for a home with additional income potential, this property offers flexibility and value. ("Buyers may qualify for $15K in closing cost assistance and low/no down payment financing due to property location - ask for details." With its excellent condition, modern updates, generous lot size, and prime location near major employment centers, sports venues, shopping, and dining, this is an outstanding opportunity to own a turnkey Los Angeles home. With its excellent condition, modern updates, generous lot size, and prime location near major employment centers, sports venues, shopping, and dining, this is an outstanding opportunity to own a turnkey Los Angeles home.
Location
Los Angeles, Los Angeles County, CA 90047
Open on Google Maps ↗Listed by: Kim Yung · Coldwell Banker Tri-Counties R
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$5,830
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $76,800 · Loan: $691,200
Average 30-yr fixed rate 6.66% as of Aug 27, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,442
- Property tax (1.25%)
- $800
- Homeowners insurance
- $300
- Mortgage insurance
- $288
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 Aug 27, 2026
- 30-year fixed
- 6.66%
- 15-year fixed
- 5.98%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $26,880 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 90047 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
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