245 N Gramercy Place
Los Angeles, CA 90004
Listing broker / agent: Kidder Mathews of California, Inc. · Casey Lins · CRMLS
MLS # 26862911 · Last checked Oct 19, 2026 21:10 UTC
About this property
We are pleased to present 245 N Gramercy Pl, an exceptional value-add opportunity located in the highly sought-after neighborhood of Larchmont Village. Whether you're an experienced investor, renovation specialist, or an owner-user looking to create your forever home, this property offers a rare chance to reimagine a classic residence in one of Los Angeles' most desirable neighborhoods. Situated on a generous 6,886 square foot lot, the property currently consists of a 3-bedroom, 2.5-bathroom single-family residence totaling approximately 1,888 square feet. While the home requires a comprehensive renovation, its existing footprint, lot size, and desirable location provide the ideal foundation for a transformative project. Buyers will have the opportunity to restore its original character while incorporating today's modern finishes, floor plan preferences, and design elements to create a truly one-of-a-kind residence. To further enhance the opportunity, the Seller has ready-to-issue permit & plans available to, without moving walls, efficiently transform the existing home into a stunning 4-bedroom, 4-bathroom residence. These plans present a compelling option for buyers seeking a larger family home, a co-living investment, or housing for transitional or sober living (subject to buyer verification and all applicable regulations). The property's favorable lot configuration and driveway access also provide the opportunity to construct a 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) that also already has its own ready-to-issue permit & plans. An ADU could provide additional living space for multigenerational households, a guest house, home office, or supplemental rental income while preserving valuable onsite parking. Ideally positioned just moments from the shops, restaurants, cafs, and weekly farmers market of Larchmont Village, the property also offers convenient access to Hollywood, Koreatown, Hancock Park, Beverly Grove, Downtown Los Angeles, and Beverly Hills. Opportunities to acquire and renovate a single-family home in such a premier central Los Angeles location are increasingly scarce, making 245 N Gramercy Pl an outstanding opportunity for buyers looking to create substantial value in a neighborhood with enduring demand. Contact listing broker for additional information.
Property details
- MLS number
- 26862911
- Status
- Active
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 3 Beds • 3 Baths
- Living area
- 1,888 (area; units unconfirmed)
- Lot size
- 0.1581 acres
- County
- Los Angeles
- Year built
- 1918
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 40
Building
- Year built
- 1918
- Year built source
- Assessor
- Architectural style
- Craftsman
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Living area source
- Assessor
Bathrooms
- Full bathrooms
- 2
- Half bathrooms
- 1
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Heating
- Wall Furnace
- Cooling
- None
- Laundry
- None
- Furnishing
- Unfurnished
Exterior & parking
- Total parking spaces
- 4
- Parking
- Driveway
- Pool
- None
- Spa
- None
- Lot size source
- Assessor
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Van Ness Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.4 mi |
| Charles H. Kim Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.5 mi |
| Harvard Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.5 mi |
| Cahuenga Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.6 mi |
| Alexandria Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.8 mi |
| Santa Monica Boulevard Community Charter (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–6 | 1.0 mi |
| Wilshire Park Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 1.1 mi |
| Hollywood Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 1.1 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,569,000
- MLS-reported original asking price
- $1,685,000
- MLS-reported previous asking price
- $1,595,000
- MLS-reported last price change
- 2026-08-31 10:47 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:37 | $1,569,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Los Angeles
Active residential homes for sale in Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
526 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 21:46 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗