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Sold for $1,650,000
  • Tax assessed value
    $1,650,000

    1040 S Gramercy Dr, Los Angeles, CA 90019

    3beds
    1,620sqft
    Residential, Single Family Residence
    Built in 1922
    6,250 Square Feet Lot
    $1,644,000 Zestimate®
    $1,019/sqft
    $4,546 Estimated rent

    Home value

    $1,644,000

    $1.53M - $1.76M

    $4,546/mo

    Zestimate® history
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    What's special

    Restored fireplace mantelExpansive backyardFully fenced backyardDesigner galley kitchenSleek modern cabinetryPrivate oasisLuxurious quartz countertops
    This beautifully restored Spanish Colonial gem is a true testament to refined living. Built in 1922, nestled in the desirable Country Club Park (Wilshire Park HPOZ), this home is perfectly situated near Hancock Park, Koreatown, and downtown LA, and seamlessly blends classic elegance with modern amenities. Featuring three bedrooms and two beautifully appointed bathrooms, this home exudes warmth and character. The inviting living room showcases a meticulously restored fireplace mantel and custom built-in cabinets, perfect for cozy evenings. Flow effortlessly into the generously sized dining room, ideal for entertaining, which leads to a designer galley kitchen. This thoughtfully remodeled kitchen boasts sleek modern cabinetry, luxurious quartz countertops, and high-end stainless-steel appliances. Natural light pours into the sunlit indoor laundry room, accentuated by multiple windows and easy access to the expansive backyard, an ideal space for outdoor gatherings and leisurely afternoons. Outside, shaded front and side porches invite you to unwind, while the fully fenced backyard offers a private oasis with enchanting seating areas. The detached finished garage presents endless possibilities as a bonus space for relaxing or entertaining. Throughout the home, you'll appreciate the thoughtful upgrades including Marvin windows that enhance energy efficiency, engineered wood flooring, updated electrical systems, a NEST thermostat, and a tankless water heater. Both the front and back yards are beautifully landscaped. This residence embodies modern living while preserving the integrity of its historic charm. Don't miss the opportunity to make this enchanting property your new home!

    Zillow last checked:

    Listing updated:

    Listed by:

    Levi Freeman DRE # 01926993 310-388-7916,

    Nourmand & Associates-HW 323-462-6262,

    Ali Wood Moser DRE # 02121988 323-376-6605,

    Nourmand & Associates-HW

    Bought with:

    Lorna Hennington, DRE # 01842983

    Keller Williams Larchmont

    Traci Bates, DRE # 01833638

    Keller Williams Larchmont

    Source: CLAW,MLS#: 24-447985MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living Room
    Heating
    • Central
    Cooling
    • Air Conditioning
    Appliances
    • Included: Dishwasher, Dryer, Washer, Range/Oven, Refrigerator, Disposal
    • Laundry: Laundry Room
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 1,620
    • Total interior livable area: 1,620 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - 2 Car, Driveway
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,250 Square Feet
    • Dimensions: 50 x 125
    Details
    • Additional structures: None
    • Parcel number: 5081030015
    • Zoning: LAR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Spanish
    • Property subtype: Residential, Single Family Residence
    Condition
    • Year built: 1922

    Utilities & green energy

    Green energy
    • Energy generation: Solar

    Community & HOA

    Community
    • Security: Alarm System
    HOA
    • Has HOA: No
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $1,019/sqft
    • Tax assessed value: $1,650,000
    • Annual tax amount: $19,917
    • Date on market: 12/10/2025

    Price history

    DateEventPrice
    11/14/2024Sold$1,650,000+4.8%$1,019/sqft
    Source: CLAW #24-447985 Report a problem
    11/7/2024Pending sale$1,575,000$972/sqft
    Source: CLAW #24-447985 Report a problem
    10/23/2024Contingent$1,575,000$972/sqft
    Source: CLAW #24-447985 Report a problem
    10/4/2024Listed for sale$1,575,000+22.2%$972/sqft
    Source: CLAW #24-447985 Report a problem
    10/3/2023Listing removed--
    Source: CLAW #23-303689 Report a problem
    8/23/2023Listed for rent$9,750$6/sqft
    Source: CLAW #23-303689 Report a problem
    8/22/2023Listing removed--
    Source: Zillow Rentals Report a problem
    8/5/2023Price change$9,750+8.3%$6/sqft
    Source: Zillow Rentals Report a problem
    8/3/2023Price change$9,000-8.9%$6/sqft
    Source: Zillow Rentals Report a problem
    7/21/2023Price change$9,875+6.8%$6/sqft
    Source: Zillow Rentals Report a problem
    7/18/2023Listed for rent$9,250$6/sqft
    Source: Zillow Rentals Report a problem
    11/1/2018Sold$1,289,000+0%$796/sqft
    Source: Public Record Report a problem
    10/7/2018Pending sale$1,288,800$796/sqft
    Source: Beltran Rios Co. #RS18233288 Report a problem
    9/25/2018Listed for sale$1,288,800+39.9%$796/sqft
    Source: Beltran Rios Co. #RS18233288 Report a problem
    5/25/2018Sold$921,000$569/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$19,917 +15.2%$1,650,000 +17.1%
    2024$17,289 +2%$1,409,487 +2%
    2023$16,957 +4.9%$1,381,851 +2%
    2022$16,172 +1.2%$1,354,757 +2%
    2021$15,976 -1%$1,328,194 +1%
    2020$16,141 $1,314,576 +2%
    2019$16,141 +1769.2%$1,288,800 +2333.6%
    2018$864 $52,959 +2%
    2017$864 +12.7%$51,922 +2%
    2016$766 +5.1%$50,905 +1.5%
    2015$729 -0.6%$50,141 +2%
    2014$733 $49,159 +2.5%
    2012-- $47,979 +2%
    2011-- $47,039 +0.8%
    2010-- $46,688 -0.2%
    2009-- $46,800 +2%
    2008-- $45,884 +2%
    2007-- $44,985 +2%
    2006-- $44,104
    2005-- $44,104 +4%
    2004-- $42,393 +1.9%
    2003-- $41,617 +2%
    2002-- $40,802 +4%
    2000-- $39,219
    Find assessor info on the county website

    Neighborhood: Koreatown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,644,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,644,000