Gramercy Park, Los Angeles: Complete Homebuyer & Realtor Guide
Affordable South LA with SoFi Stadium access
About Gramercy Park, Los Angeles
Gramercy Park, Los Angeles, California is a diverse, working-class neighborhood in South Los Angeles defined by its strategic location near major entertainment venues and transportation corridors. Bounded by Manchester Boulevard on the north, Vermont Avenue on the east, the City of Los Angeles boundary on the south, and Van Ness Avenue on the west, this 1.13-square-mile neighborhood sits in ZIP code 90047 and offers residents authentic community character with increasing proximity to SoFi Stadium and the entertainment district.
The neighborhood attracts 10,432 residents who value affordability, transit access, and community stability. Gramercy Park real estate is primarily made up of small to medium sized single-family homes and small apartment buildings, with many residences being relatively historic, built no later than 1939. Residents appreciate the $486 median price per square foot and the neighborhood's transformation as major developments bring increased investment to South Los Angeles.
Gramercy Park Real Estate Market 2026
In November 2025, Gramercy Park home prices were down 9.51% compared to last year, selling for a median price of $685K. 50% of homes sold near the asking price last month, with 25% under asking, 50% at asking, and 25% over asking.
Expect 1-3 competing offers on move-in ready properties, typically at or slightly above asking with standard contingencies and 30-day close. Fixer properties may sell below asking.
Homes in Gramercy Park have sold for 5.5% more than they did a year ago, with the median home sold price at $757,000 in December 2024, showing market volatility but overall upward trajectory.
Source: Redfin / Homes.com / Rocket Homes, 2025-2026
Is Gramercy Park Right for You?
Gramercy Park, Los Angeles suits different buyers in different ways. Here’s who thrives here — and who should consider alternatives.
Gramercy Park offers some of the most affordable single-family homes in Los Angeles, with excellent transit access via Western & 92nd bus stops and proximity to entertainment venues for work opportunities.
Limited dining and nightlife options locally, need to commute for entertainment beyond local amenities.
Strong school access including Manhattan Place Elementary (5-min walk), Jesse Owens Park recreation, and affordable housing that allows families to build equity in Los Angeles.
Limited walkable dining and shopping options, coffee shops require significant travel.
Historic housing stock with renovation potential, proximity to growing entertainment district, and relatively low entry costs for Los Angeles market.
Market volatility with recent price declines, need to understand local renovation requirements.
Types of Homes in Gramercy Park
The neighborhood features gridded streets lined with well-manicured lawns and a mix of ranch homes and bungalows showcasing Spanish and mid-century modern architectural styles, with homes typically ranging from 1,200 to 2,000 square feet.
Historic Single-Family Bungalow
Character details, established neighborhood, larger lots with parking
May need updating, older electrical/plumbing
Small Apartment Buildings / Duplexes
Lower entry point, rental income potential
Shared walls, limited parking
How to Sell Gramercy Park to Your Clients
Ideal client match: First-time buyers and working families seeking affordable single-family homes in Los Angeles with good transit access and community character.
5 Talking Points
- 1 Median home prices around $700K – among the most affordable single-family options in LA
- 2 2-minute walk to Western & 92nd transit stops with excellent connectivity
- 3 Historic 1930s-1940s architecture with character details and larger lots
- 4 Jesse Owens Park offers 20 acres of recreation including heated pool and golf course
- 5 10 minutes to SoFi Stadium and growing entertainment district employment opportunities
Handling Common Objections
Living in Gramercy Park, Los Angeles
- Dulan's Soul Food Kitchen
- McDonald's
- Set 4 Life Liquor
15+ restaurants · $–$$
- Starbucks (33-min walk)
- Limited local options
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Jesse Owens Park
· regional park
20-acre facility with heated pool, athletic fields, and 9-hole golf course -
Saint Andrews Recreation Center
· recreation center
indoor/outdoor courts, playground, splashpad, and community events
- Superior Grocers
- Ralphs
- LA Fitness (37-min walk)
- Limited local options
Annual events: Jesse Owens Park community events · Southwest Los Angeles cultural festivals
Schools Near Gramercy Park, Los Angeles
Gramercy Park is served by Los Angeles Unified School District with several nearby elementary and high schools. Manhattan Place Elementary is just a 5-minute walk, while Teach Tech Charter High provides local high school options within walking distance.
Elementary Schools
Highest-rated local elementary, 5-minute walk from most Gramercy Park homes
Proximitii 2026High Schools
Local charter option, 11-minute walk from neighborhood center
Proximitii 2026Private Schools Nearby
- St Eugene School (K–8 Catholic) — 12-minute walk, provides alternative to public elementary options
Source: Proximitii, LAUSD 2026
Commute from Gramercy Park
Transportation is convenient with access to Interstate 110 and Interstate 105, and several Metro bus stops and light rail stations nearby. Transit access is excellent with Western & 92nd stops just 2 minutes away.
Frequently Asked Questions: Gramercy Park, Los Angeles
Answers to the most common questions homebuyers and realtors ask about Gramercy Park, Los Angeles, California.
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The median sale price for homes in Gramercy Park, Los Angeles over the last 12 months is $713,000, down 5% from the previous 12 months. Buyers can expect single-family homes starting in the mid-$600s to low-$800s depending on condition and size.
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Yes, Gramercy Park is a solid choice for affordability-focused buyers. Gramercy Park is a good place to live, considered fairly walkable and bikeable with some transit options. The neighborhood offers authentic LA character with growing investment from nearby entertainment district development.
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Yes, Gramercy Park works well for families seeking affordable homeownership. Manhattan Place Elementary (10/10 rating) is a 5-minute walk, Jesse Owens Park provides 20 acres of recreation, and the neighborhood has a stable community character with many longtime residents.
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Manhattan Place Elementary (10/10 rating) is the top local school, just 5 minutes away. Teach Tech Charter High offers high school options within walking distance. The area is served by Los Angeles Unified School District with additional charter options nearby.
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Gramercy Park has moderate walkability with a Walk Score around 60. The neighborhood is considered fairly walkable and bikeable with some transit options. Daily needs like grocery shopping at Superior Grocers can be handled on foot.
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Living in Gramercy Park offers authentic South LA community character with affordable homeownership opportunities. Residents enjoy Jesse Owens Park recreation, excellent transit access via Western Avenue, and proximity to the growing SoFi Stadium entertainment district while maintaining neighborhood stability.
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The neighborhood features a mix of ranch homes and bungalows showcasing Spanish and mid-century modern architectural styles, with homes typically ranging from 1,200 to 2,000 square feet. Most properties are historic single-family homes from the 1930s-1940s with character details.
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Gramercy Park has a crime score of 4, on par with the average neighborhood in the U.S. Gramercy Park is safer than the national average, making it a practical choice for those seeking a vibrant and accessible community.
Neighborhoods Near Gramercy Park
Not sure Gramercy Park is the right fit? Compare these nearby Los Angeles neighborhoods.
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Data sources: Redfin, Zillow, California Association of Realtors, US Census ACS 2023, GreatSchools, Walk Score, OpenStreetMap. Content generated 2026. Always verify current market data with a licensed real estate professional.