3982 S Gramercy
Los Angeles, CA 90062
8
Bed
4
Bath
3,372Sqft
9,819Sqft(Lot)
Opportunity knocks for savvy investors: this value-add 4plex in the heart of Los Angeles is priced to GO! This 4-unit, single-level property sits on an oversized 9,800+ sq ft corner lot with adjacent alley, creating a peninsula lot. There are two duplex buildings totaling ~3,372 sq ft, open areas, multiple onsite parking spaces plus a detached garage. All four units are 2 bedrooms, 1 bath, each with washers/dryer hookups and raised-foundation construction. The zoning provides multiple pathways for future upside, whether through strategic renovations, rent optimization, or long-range redevelopment. Located near public transit and major corridors this asset offers both immediate stability and significant long-term potential.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Private Sewer: Public Sewer
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Building Information
Year Built: 1923 Building Area Total: 3,372 -
Pool Features
NoneLaundry Features
Inside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2254 -
Lot Size Source: Public Records Lot Size Square Feet: 9819
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Listing Price Information
Original List Price: 849,999 Listing Contract Date: 2025-11-14 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5035007011
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Garage and Parking
Garage Description: DrivewayHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: C34 - Los Angeles Southwest Directions: Martin Luther King to S Gramercy Source Property Type: Residential Income Area: C34 - Los Angeles Southwest Property SubType: Quadruplex -
Building and Construction
Property Age: 103 Common Walls: 1 Common Wall Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1723 Browning Blvd., Los Angeles, CA, 90062 | $769,900 | 2 | 2 | 1,768 | 1,768 SqFt |
| 1311 W 38th, Los Angeles, CA, 90062 | $1,425,000 | 5 | 3 | 2,608 | 2,608 SqFt |
| 3929 Brighton, Los Angeles, CA, 90062 | $1,175,000 | 7 | 4 | 2,818 | 2,818 SqFt |
| 3959 Halldale, Los Angeles, CA, 90062 | $930,000 | 4 | 2 | 2,086 | 2,086 SqFt |
| 3994 La Salle, Los Angeles, CA, 90062 | $2,650,000 | 12 | 14 | 7,199 | 7,199 SqFt |
| 1435 W 53rd, Los Angeles, CA, 90062 | $999,000 | 6 | 3 | 2,431 | 2,431 SqFt |
| 4218 S Harvard, Los Angeles, CA, 90062 | $1,099,999 | 6 | 4 | 3,577 | 3,577 SqFt |
| 1614 W 39th Place, Los Angeles, CA, 90062 | $1,249,000 | 9 | 6 | 3,296 | 3,296 SqFt |
| 1445 W 58th, Los Angeles, CA, 90062 | $739,000 | 3 | 2 | 1,588 | 1,588 SqFt |
| 1565 W 51st, Los Angeles, CA, 90062 | $1,025,000 | 6 | 4 | 3,338 | 3,338 SqFt |
Similar Multifamily To 3982 S Gramercy
Nearby For Sale
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ByOwner last updated this listing 06/17/2026 @ 13:48
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