1624 S Gramercy, Los Angeles, California 90019

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.