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.
MLS #
CRSR25260666
MLS Source
California Regional MLS
Days on Site
20
Bedrooms
Other
Appliances
Other
Fireplace
Living Room
Laundry
Other
Cooling
None
Pool
None
Garage/Parking
Garage: 1 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
1624 S Gramercy is a Single Family Residence in Los Angeles, CA 90019. This 3,016 square foot property sits on a 8,925 Sq Ft Lot and features 5 bedrooms & 2 full and 1 partial bathrooms. It is currently priced at $1,325,000 and was built in 1907. This address can also be written as 1624 S Gramercy, Los Angeles, CA 90019.
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This listing information is up-to-date as of November 15, 2025. For the most current information, please contact Soraaya Eslamieh