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1518 S Gramercy Pl, Los Angeles, CA, 90019

$3,250,000

6 Bedrooms
7 Baths
7,193 SqFt
$452/SqFt
House

Location

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Property Highlights

Home TypeOther
ParkingCircular Driveway, Controlled Entrance, Driveway, Gated
Year Built1933
HeatingCentral, Forced Air
CoolingCentral Air
MLS #24405545
Lot Size0.30 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1518 S Gramercy Pl

Live work opportunity in a gorgeous 7200 SQ ' Art Deco space with 5 bedrooms/offices, 6 baths, and a separate 1bed + 1 bath apartment. The dramatic, inspiring blend of historic charm and modern convenience features an auditorium/assembly hall, banquet hall/kitchen, multiple offices/bedrooms, residences, and private gardens. The main assembly hall spans approximately 3,000 square feet with 20-foot ceilings and eight large stained-glass windows. The 1900+ sq ft banquet hall includes a new designer kitchen, three rooms (office/bedrooms) with en-suite baths, a stage, and a half bath/powder room. Two additional private offices (230 square feet each) with adjoining baths and garden access. The second floor houses a 700-square-foot apartment with a separate entrance, one bedroom, one bath, a kitchen, and a large living room. Architect David Carthage Coleman designed this historic gem for the Mogen David Congregation. In 1953, it was converted to the Church of Divine Guidance, and in 2021, it was purchased by a professional set decorator/architect buff & a well-known, established builder. Modern amenities include fully updated electrical, plumbing, HVAC, and telecommunications systems. The property has four 5-ton heating and cooling units, a tankless water heater, a hot water recirculation system, and WiFi with speeds up to 1200 Mbps available from Spectrum. Exterior features include re-envisioned landscaping, a circular driveway with two automatic gates, and parking for 6-8 cars. Historic elements are thoughtfully preserved, including 22 stained glass windows, an original stage with faux carved painting, refinished oak and maple floors, and restored original tiles. The color palette enhances the historical features, creating a sense of celebration. With LED lighting throughout, new insulation in all walls, and custom tile in offices and the primary bath, this property perfectly balances historical inspiration and modern convenience in a prime, quiet location. It is ideal for those seeking a unique and adaptable space.

Property Details

Property Features

Property Information:

  • Year Built: 1933
  • Stories: 2
  • Living Area: 7,193 SqFt

Listing Office:

  • Office Name: Nourmand & Associates-HW
  • Office Phone: (323) 462-6262
  • Listing Agent: Christopher Furstenberg

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Circular Driveway, Controlled Entrance, Driveway, Gated

Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Between Pico and Venice

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,250,000
  • Price Per SqFt: $452/SqFt

Tax Information:

  • Annual Amount: $628
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1518 S Gramercy Pl vs Los Angeles

155 DAYS ON ROCKET

+117 Days

$3,250,000

+$2.2M More

$452/SqFt

-$189 Less

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price and $189/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24405545

Listing Office:

  • Office Name: Nourmand & Associates-HW
  • Office Phone: (323) 462-6262
  • Listing Agent: Christopher Furstenberg

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 15, 2021Home Sold
$1,300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$628$113,193
2020$628$112,033
2019$640$109,838
2018$749$107,685
2017$749$105,575

History based on county public records data.

Payment Calculator

$16.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,810

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-578200
4
/10
  • Los Angeles Elementary

  • 1211 S Hobart Blvd

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-578201
6
/10
  • Carson - Gore Academy of Enviornmental Studies

  • 3200 W Washington Blvd

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-578202
7
/10
  • 24th Street Elementary School

  • 2055 W 24th St

  • 0.69 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,184. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1518 S Gramercy Pl

What is the listing price of this property?

The listing price of 1518 S Gramercy Pl property is $3,250,000.

What type of property is this?

The property 1518 S Gramercy Pl is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Accepting Backup Offers: 1518 S Gramercy Pl is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $628 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 15, 2021 for $1,300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1518 S Gramercy Pl has 6 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 1518 S Gramercy Pl is 7,193 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1518 S Gramercy Pl is 1933.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900191518 S Gramercy Pl

This home is located at 1518 S Gramercy Pl in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 7,193 square foot home, which was built in 1933, sits on a 0.30 acre lot. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $3,250,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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