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Location
724 N Gramercy Pl, Los Angeles, CA 90038, USA|Hollywood Studio District
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Property Overview
724 N. Gramercy LLC receives a strong overall rating of 7.9 out of 10, highlighting its competitive pricing, impressive amenities, and prime location rated 9 out of 10. It ranks in the 93.33 percentile for value for money, demonstrating its appeal among renters seeking quality and transparency. With a quality and trustworthiness rating of 7 out of 10, the property stands out as a reliable choice for those considering their housing options.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 425 sqft | Studio on Melrose Available $1,250! |
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Policies and fees
Contact for more information on pet policy.
Building details
Property details
| Units | 20 |
|---|
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About 724 N.Gramercy LLC
Studio on Melrose Available $1,250!
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.9
/10
Very Good724 N.Gramercy LLC is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Trustworthiness, but it offers a satisfying, above-average quality of life.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 724 N.Gramercy LLC is a great option for renters looking for apartments in Hollywood Studio District. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 724 N.Gramercy LLC is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
724 N.Gramercy LLC is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 724 N.Gramercy LLC to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
724 N.Gramercy LLC provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 724 N.Gramercy LLC compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from grade schools
- The nearest elementary school is farther than 0.3 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Hollywood Studio District
Median rents as of Sep 13 2025.
Hollywood Studio District
Los Angeles
| Month | Median Rent |
|---|---|
| September 2023 | $1,840 |
| October 2023 | $1,817 |
| November 2023 | $1,796 |
| December 2023 | $1,777 |
| January 2024 | $1,785 |
| February 2024 | $1,695 |
| March 2024 | $1,712 |
| April 2024 | $1,718 |
| May 2024 | $1,750 |
| June 2024 | $1,778 |
| July 2024 | $1,816 |
| August 2024 | $1,848 |
| September 2024 | $1,848 |
| October 2024 | $1,801 |
| November 2024 | $1,814 |
| December 2024 | $1,845 |
| January 2025 | $1,848 |
| February 2025 | $1,815 |
| March 2025 | $1,810 |
| April 2025 | $1,756 |
| May 2025 | $1,745 |
| June 2025 | $1,750 |
| July 2025 | $1,750 |
| August 2025 | $1,736 |
| September 2025 | $1,700 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,695 |
| October 2023 | $1,695 |
| November 2023 | $1,714 |
| December 2023 | $1,710 |
| January 2024 | $1,661 |
| February 2024 | $1,595 |
| March 2024 | $1,536 |
| April 2024 | $1,577 |
| May 2024 | $1,524 |
| June 2024 | $1,532 |
| July 2024 | $1,495 |
| August 2024 | $1,641 |
| September 2024 | $1,595 |
| October 2024 | $1,591 |
| November 2024 | $1,629 |
| December 2024 | $1,674 |
| January 2025 | $1,578 |
| February 2025 | $1,487 |
| March 2025 | $1,510 |
| April 2025 | $1,527 |
| May 2025 | $1,529 |
| June 2025 | $1,577 |
| July 2025 | $1,680 |
| August 2025 | $1,609 |
| September 2025 | $1,595 |
Schools near 724 N.Gramercy LLC
Sophia T. Salvin Special Education Center
1925 budlong ave
los angeles, CA, 90007
K-10Public
Marlton
4000 santo tomas dr
los angeles, CA, 90008
K-12Public
City of Angels
221 s eman ave
los angeles, CA, 90063
K-12Public
B
Charles Leroy Lowman Special Ed & Career Transition Center
12827 saticoy st
north hollywood, CA, 91605
K-12Public
Lokrantz Special Education Center
19451 wyandotte st
reseda, CA, 91335
K-12Public
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Internet available near 724 N.Gramercy LLC
Getting around Los Angeles near 724 N Gramercy Pl
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 724 N Gramercy Pl, Los Angeles
Groceries
10/10
Several grocery stores nearby
Shopping
9/10
Variety of shops within a few minutes' walk
Cafes
7/10
Variety of cafés within walking distance
Restaurants
9/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
4/10
No high schools within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
7/10
Variety of bars within walking distance
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