3 Hours Ago
Location
724 N Gramercy Pl, Los Angeles, CA 90038, USA|Hollywood Studio District
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Property Overview
724 N. Gramercy LLC receives an overall Zumper rating of 7.3, reflecting its appeal as a solid choice for renters. It excels with an amenities score of 8, a location score of 9, and a quality rating of 7, highlighting its outstanding features and convenient access to local attractions. Additionally, the property demonstrates trustworthiness with a score of 7, ensuring transparency and reliability for prospective residents.
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 | 400 sqft | $1,250 /mo | 1 unit available | Studio on Melrose $1,250! |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 20 |
|---|
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About 724 N.Gramercy LLC
Studio on Melrose $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
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Rent trends in Hollywood Studio District
studio apartments at 724 N.Gramercy LLC cost about 22% less than the average rent price for studio apartments in Hollywood Studio District.
Median rents as of Jan 31 2026.
Hollywood Studio District
Los Angeles
| Month | Median Rent |
|---|---|
| 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 | $1,702 |
| October 2025 | $1,702 |
| November 2025 | $1,709 |
| December 2025 | $1,738 |
| January 2026 | $1,739 |
| Month | Median Rent |
|---|---|
| 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 | $1,588 |
| October 2025 | $1,574 |
| November 2025 | $1,573 |
| December 2025 | $1,671 |
| January 2026 | $1,610 |
Affordability calculator
Can I afford to live at 724 N Gramercy Pl?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this studio monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.
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
At least one supermarket within a 5-minute walk
Shopping
9/10
Wide variety of shops within a few minutes' walk
Cafes
7/10
Several cafés within a few minutes’ walk
Restaurants
9/10
Exceptional 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
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
7/10
Several bars within a few minutes’ walk
Explore the area around 724 N Gramercy Pl
82nd Market
5204 Melrose Ave
Bargain Dica 99
720 N Western Ave
Smart & Final Extra!
939 N Western Ave
Marvin's Market
4802 Melrose Ave
Worldwide Seafood
4810 Melrose Ave
Fack Ya
5159 Melrose Ave
Chill Out Relaxing Clothes
818 N Melrose Hill
Golden Shoes Project
5548 Sierra Vista Ave
76 Mens Clothing
5541 Santa Monica Blvd
J & S Connection
5541 Santa Monica Blvd
Winchell's
716 N Western Ave
La B Coffee & Roasters
429 N Western Ave
Perfect Donut
5656 Santa Monica Blvd
Balcony Coffee & Tea
314 N Western Ave
Queen Bee Organic Coffee
4658 Melrose Ave
The Edmon
5168 Melrose Ave
GQ Lounge
5235 Melrose Ave
Blipsy Bar
369 N Western Ave
Club Tempo
5520 Santa Monica Blvd
Prime Time Pub
5556 Santa Monica Blvd
Timo's Bakery
820 N Western Ave
Lucky Rice Cake
476 N Western Ave
Panaderia Guila
5656 Santa Monica Blvd
King's Panaderia Inc
1119 N Western Ave
Vitamins Herbs
5918 Santa Monica Blvd
Lemon Grove Recreation Center
Robert Burns Park
Lexington Avenue Pocket Park
Seily Rodriguez Park
La Mirada Park
La Fonda Antioquena
5125 Melrose Ave
Ilobasqueno Restaurant
5027 Melrose Ave
Antequera De Oaxaca
5200 Melrose Ave
La Buca
5210 Melrose Ave
Osteria La Buca
5210 Melrose Ave
Melrose / Wilton
W Hollywood-Dtwn LA - Avalon Sta via Melrose-Avalon
Melrose / Wilton
W Hollywood-Dtwn LA - Avalon Sta via Melrose-Avalon
Melrose / Wilton
DASH Hollywood / Wilshire
Melrose / Wilton
DASH Hollywood / Wilshire
Melrose / Western
DASH Hollywood / Wilshire
Glendale
Metrolink Antelope Valley Line, Metrolink Antelope Valley Line, Metrolink Ventura County Line, Metrolink Ventura County Line
Glendale Metrolink Station
Metrolink Antelope Valley Line, Metrolink Ventura County Line
LA Union Station
Metrolink San Bernardino Line, Metrolink Orange County Line, Metrolink Riverside Line, Metrolink 91-Perris Valley Line, Metrolink Antelope Valley Line, Metrolink Riverside Line, Metrolink Ventura County Line, Metrolink Antelope Valley Line, Metrolink Orange County Line, Metrolink 91-Perris Valley Line, Metrolink Ventura County Line, Metrolink San Bernardino Line
L. A. Union Station Metrolink Station
Metrolink 91-Perris Valley Line, Metrolink Antelope Valley Line, Metrolink Orange County Line, Metrolink Riverside Line, Metrolink San Bernardino Line, Metrolink Ventura County Line
Vermont / Santa Monica
Union Station - North Hollywood, Union Station - North Hollywood
Hollywood / Western
Union Station - North Hollywood, Union Station - North Hollywood
Vermont / Beverly
Union Station - North Hollywood, Union Station - North Hollywood
Hollywood / Vine
Union Station - North Hollywood, Union Station - North Hollywood
Vermont / Sunset
Union Station - North Hollywood, Union Station - North Hollywood
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