686 North Gramercy Place, Los Angeles, CA 90004 – Transaction Details

Date: November 24, 2014
Property Type: 2 Bedroom, 2.5 Bathroom, 1,568 Square Foot Single Family Home
Purchase Price: $755,903.00
Year Built: 2014
Description: Assisted yet another first time home-buying couple with purchasing this beautiful, brand new, custom made townhome in Koreatown.  Guided our buyers through the process of obtaining a loan with stringent requirements and coordinating with the builder to design the home to specifications.

686 North Gramercy Place, Los Angeles, CA 90004 – Transaction Summary

After an extremely quick search for their new first home, our buyers identified this brand new construction project on the northern border of Koreatown just one block south of Hollywood and Melrose Boulevard.  This single family home on North Gramercy Place is part of a brand new gated development by Lennar Homes with all new, custom made homes.  The property itself contains two bedrooms, two and one-half bathrooms, and over 1,500 square feet, plus a private roof-top deck that is perfect for entertaining guests and family.  The loan, appraisal, and inspection process were all quickly completed in order to enable our buyers to close escrow before Thanksgiving weekend and take advantage of seller incentives that were being offered for buyers who were able to close before the end of the month.  After a quick 30-day escrow process our buyers were able to move into their brand new home with floors, cabinets, and counter-tops that they specifically selected during the escrow process.  The holiday season will certainly be a tad-bit more merry on Gramercy Place for this couple as they enjoy their brand new home and short commute to work in Downtown Los Angeles.

For more information on this transaction or to discuss any other questions you may have concerning the Los Angeles real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or info@esquirereb.com.

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