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Closed
- Listed price
- $950,000
- Listed Apr 22, 2014 · $821/sq ft
- Sold price
- $950,000
- Sold Jun 13, 2014
2 beds|1 ba|1,157 sqft|6,251 sqft lot|1922 Built|17 MLS days on market
708 GRAMERCY Dr, Los Angeles, CA 90005
Property Description
Great development opportunity in the heart of Korea Town! Zoned R-4. Adjacent lot with lot size of 6,250 SF can also be purchased making the combined lots a total 12,500 SF. Both lots together gives developers the ability to build 31 units or possibly more. All potential land use is the sole responsibility of the buyer to investigate. Can be sold together or separately. Asking price for the adjacent property is $1,200,000 making the total purchase price for both lots $2,150,000. Great high rent area, nearby numerous shops, boutique hotels, grocery stores, driving ranges, restaurants, coffee shops, bars and entertainment venues. Minutes to downtown LA and walking distance to the purple line underground subway.
Listing agent: Gila SabetDRE #01527012gilasabet@yahoo.com, Listing office: Marathon Estate Properties, In
MLS data updated 11/2/2026, 5:03:12 AM PT
Source: CRMLSMLS #: 14755527
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$950,000
Jun 13, 2014
Available records22014
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90005 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.