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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Building Information
Year Built: 1923Building Area Total: 3372Stories: 1Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 9819 Lot Size Acres: 0.2254 Lot Size Source: Public Records Lot Size Square Feet: 9,819 Lot Description: Yard
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Listing Price Information
Listing Price: $849999Conventional
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Tax Information
Parcel Number: 5035007011 Tax Lot: 74
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Virtual Tour
Parking Information
Parking Total: 6 DrivewayGarage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: Martin Luther King to S Gramercy WaterSource: Private
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 |
| 3929 Brighton, Los Angeles, CA, 90062 | $1,175,000 | 7 | 4 | -- | |
| 1467 W Vernon, Los Angeles, CA, 90062 | $845,000 | 4 | 4 | 3,372 | 3,372 SqFt |
| 4284 La Salle Avenue, Los Angeles, CA, 90062 | $1,249,000 | 6 | 5 | -- | |
| 4218 S Harvard, Los Angeles, CA, 90062 | $1,075,000 | 6 | 4 | 3,577 | 3,577 SqFt |
| 1614 W 39th Place, Los Angeles, CA, 90062 | $1,199,000 | 9 | 6 | 3,296 | 3,296 SqFt |
| 1445 W 58th, Los Angeles, CA, 90062 | $739,000 | 3 | 2 | 1,588 | 1,588 SqFt |
| 1650 W 39th Place, Los Angeles, CA, 90062 | $850,000 | 5 | 2 | 1,472 | 1,472 SqFt |
| 1565 W 51st, Los Angeles, CA, 90062 | $1,025,000 | 6 | 4 | 3,338 | 3,338 SqFt |
| 1646 W 52nd, Los Angeles, CA, 90062 | $1,050,000 | 5 | 4 | 2,824 | 2,824 SqFt |
Similar Multifamily To 3982 S Gramercy
Nearby For Sale
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ByOwner last updated this listing 08/04/2026 @ 06:19
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