*HIGHLIGHTS* "Assumable 5.75% interest rate loan with no pre-payment penalties. Large lot with ADU potential in the two car detached garage plus room for a swimming pool." Two bedroom Spanish-style home with a bonus room, office or possible 3rd bedroom, nestled on a tranquil street in the desirable Gramercy Park neighborhood. This home features a new energy-efficient HVAC system, dual-pane UV-reflective windows with lifetime warranty, new PEX plumbing, upgraded 200-amp power panel, and a sprinkler and drip irrigation system. Fresh paint, newer flooring, and natural light enhance the interior. A dining room with original wainscoting and tray ceiling, galley kitchen with natural light through multiple west-facing windows. Two spacious bedrooms, one with a walk-in closet, and a primary suite with dual-entry closets, a spa-like bathroom featuring dual vanities, a jacuzzi tub, and a separate shower. A second full bathroom offers both a tub and walk-in shower. There is a versatile step down bonus room ideal for a home office, studio, or 3rd bedroom. Additional highlights include a laundry room with potential as a third bathroom, and a detached two-car garage, pre-approved by LADWP for a second power panel perfect for an ADU conversion. Step outside to a private backyard large enough for a swimming pool, and ideal for entertaining or relaxing under the California sun.