Complete Fixer – Great Investment Opportunity in Prime Mid Los Angeles. This two-story, 5-bedroom, 2.5-bath home offers incredible potential for investors and developers alike. Situated on a spacious lot in the highly desirable 90019 zip code, this property is a complete fixer—perfect for those looking to renovate or rebuild. With the ability to develop up to six units (buyer to verify), this site presents a rare chance to maximize value in a rapidly growing area. Conveniently located near major freeways, USC, and Downtown Los Angeles, the home provides excellent accessibility and strong long-term appeal. Please note: the property has known foundation issues and requires a new roof. Don’t miss this exceptional opportunity to transform a centrally located property in one of Los Angeles’ most sought-after neighborhoods.
Property Details
Price:
$1,325,000
MLS #:
SR25260666
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
Listed Date:
Nov 14, 2025
Finished Sq Ft:
3,016
Lot Size:
8,925 sqft / 0.20 acres (approx)
Year Built:
1907
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
NO
Laundry Features
IN
Exterior
Community Features
SDW
Parking Spots
1
Financial
Map
Community
- Address1624 S Gramercy Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jan 01, 2026
1,682
Single Family Listed
61
Avg DOM
1,063
Avg $ / SqFt
$1,866,024
Avg List Price
Property Summary
- 1624 S Gramercy Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90019. It is listed for $1,325,000 and features 5 beds, 3 baths, and has approximately 3,016 square feet of living space, and was originally constructed in 1907. The current price per square foot is $439. The average price per square foot for Single Family listings in Los Angeles is $1,063. The average listing price for Single Family in Los Angeles is $1,866,024.
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Courtesy of My Valley Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1624 S Gramercy
Los Angeles, CA