Millman Team Real Estate

$1,650,000
6 Bed
5 Bath
3,640 Sqft
0.12 Acre Lot

705 S Gramercy Place, Los Angeles, California 90005

  • Residential Income Property Type
  • 3,640 Sqft Square Footage
  • Shared Driveway Cars Garage
  • 1922 Year Built
Property Description

Welcome to 705-707 S Gramercy Place, a premier duplex zoned LAR3 perfectly situated at the highly desirable crossroads of Koreatown, Mid-Wilshire, and Hancock Park. This rare property offers the space and feel of two single-family homes, making it an ideal choice for an owner-user looking to live in one unit while generating premium income from the other, or an investor seeking a high-quality asset in a robust market. All units are individually metered for water, gas, and electricity, providing ease of utility management. Property Highlights: *Massive Unit Sizes: Boasting approximately 3,640 total square feet, the property is split into an upstairs and a downstairs unit that span an incredibly generous ~1,820 square feet each. Both units offer expansive, open-concept living areas and large bedrooms, providing a scale of living rarely found in the city’s multi-family properties. *Premium Secured Parking: A true rarity for the neighborhood, parking will never be an issue. The property features a secure, automatic remote-controlled driveway gate that opens to a sprawling rear lot. It includes a covered two-car garage along with ample open parking spaces, easily accommodating multiple vehicles for both units with ultimate privacy and peace of mind. *Unbeatable Location: Located in the vibrant heart of LA, residents are just moments away from world-class dining, trendy cafes, shopping, and entertainment. With incredible walkability and immediate access to major transit lines, the best of city living is right outside the front door. With sprawling floor plans, highly coveted gated parking, and a turnkey location, this duplex is a standout must-see. Don’t miss your chance to own a significant piece of prime Los Angeles real estate!

Basic Details
Residential Income
For Sale
26672721
$1,650,000
None
6
5
3,640 Sqft
1922
0.12 Acre
Active
Features
: None
: Central, Forced Air
: Central Air
: None
: Shared Driveway
: Contemporary
: Laminate
: Ceiling Fan(s)
: In Kitchen
: Sewer Tap Paid
: Blinds
$0
Appliances
: Gas Oven, Gas Cooktop, Disposal
Address Map
CA
Los Angeles
Los Angeles
90005
Gramercy
705
Place
W119° 41' 11.4''
N34° 3' 34.4''
Corner of Gramercy Place & 7th Street
C18 - Hancock Park-Wilshire
S
LAR3
Additional Information
$0
$0
$0
$0
$0
3640
: Gated
2.0
: Two
2
2026-04-01
2
2
Broker/Agent Information
I & J Properties, Inc.
Jamie Lee
Listing Information
Robert Lee
CLW-X49043
CLW-X82145
I & J Properties, Inc.
CLW-X66072
CLW-X82145
Active
2026-04-09T07:19:26Z
CRMLS
: Standard
2026-04-01T00:00:00Z
Agent info
Ray Millman
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