Hollywood Hills Views from a Corner Townhome at The Gramercy
Set in the heart of Hollywood, this modern corner townhome pairs a quiet setting with some of the best views in the neighborhood. Built in 2015 and meticulously maintained, it offers 3 bedrooms, 2.5 baths, and a dedicated home office across approximately 1,556 sq ft.
Wake up to the Hollywood Hills and Griffith Observatory, visible from both the living room and the primary suite. In the evening, step onto your private balcony to watch the sun set behind the historic California Bank building made famous in L.A. Confidential.
Builder and designer upgrades are throughout: stone tile and hardwood floors, quartz countertops, stainless steel appliances, custom wood blinds, and recessed lighting. Everyday comforts include a tankless water heater, reverse-osmosis water filtration, a touchless kitchen faucet, a security system, and a separate laundry closet. A private attached two-car garage and a low HOA complete the package.
Step outside and you're minutes from Jitlada, Harvard & Stone, Know Where Bar, UCB comedy, the Pantages Theatre, the Hollywood Palladium, Netflix's Hollywood headquarters, and multiple Metro stops. Move-in ready, with Hollywood at your doorstep.
For sale
Listed by: Sender Realty, Inc. • Benjamin Cheng • Contact: bcheng92@gmail.com
$999,000
5627 Observation Ln, Los Angeles, CA 90028
3beds
1,556sqft
Townhouse
Built in 2015
2,550 Square Feet Lot
$986,300 Zestimate®
$642/sqft
$142/mo HOA
What's special
- 110 days
- 96
- 20
Zillow last checked:
Listing updated:
Listed by:
Benjamin Cheng DRE #01892958 bcheng92@gmail.com,
Sender Realty, Inc.
Source: CRMLS,MLS#: OC26213535
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bedroom, Family Room, Living Room, Primary Bathroom, Primary Bedroom, Office
Bedroom
- Features: All Bedrooms Up
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Washer
- Laundry: Laundry Closet
Features
- All Bedrooms Up
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: End Unit,No Common Walls
Interior area
- Total interior livable area: 1,556 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: City Lights, Canyon, Hills, Mountain(s)
Lot
- Size: 2,550 Square Feet
Details
- Parcel number: 5544001046
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Foothills, Hiking, Park, Street Lights, Sidewalks, Urban
HOA
- Has HOA: Yes
- Amenities included: Maintenance Grounds, Management, Maintenance Front Yard, Pets Allowed, Utilities
- HOA fee: $142 monthly
- HOA name: Gramercy at Hollywood
- HOA phone: 310-370-2696
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $642/sqft
- Tax assessed value: $1,147,375
- Date on market: 10/1/2026
- Cumulative days on market: 111 days
- Listing terms: Cash,Cash to New Loan,Conventional
Estimated market value
$986,300
$937,000 - $1.04M
$4,550/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $999,000-5.8%$642/sqft |
Source:  CRMLS #OC26213535 Report a problem | ||
| 9/3/2021 | Sold | $1,060,000+14%$681/sqft |
Source: Public Record Report a problem | ||
| 8/1/2019 | Sold | $930,000+4.6%$598/sqft |
Source:  CRMLS #PF19139607 Report a problem | ||
| 6/21/2019 | Pending sale | $889,000$571/sqft |
Source: COMPASS #PF19139607 Report a problem | ||
| 6/13/2019 | Listed for sale | $889,000+14.3%$571/sqft |
Source: COMPASS #PF19139607 Report a problem | ||
| 8/28/2015 | Sold | $778,000$500/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,147,375 +2% |
| 2025 | $13,585 +1% | $1,124,879 +2% |
| 2024 | $13,456 +2% | $1,102,824 +2% |
| 2023 | $13,194 +4.9% | $1,081,200 +2% |
| 2022 | $12,574 +11.8% | $1,060,000 +12.8% |
| 2021 | $11,251 -1% | $939,634 +1% |
| 2020 | $11,366 | $930,000 +12.7% |
| 2019 | $11,366 +15.6% | $825,332 +2% |
| 2018 | $9,828 | $809,150 +2% |
| 2017 | $9,828 +2.3% | $793,285 +105.7% |
| 2016 | $9,611 +103.7% | $385,558 +1.5% |
| 2015 | $4,719 | $379,768 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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