3982 S Gramercy, Los Angeles, CA 90062
- $799,000
- List Price
- $799,000
- Price Change
- ▼ $50,999 1784337597
- Status
- ACTIVE
- MLS#
- PW25259008
- Year Built
- 1923
- Lot Size
- 9,819
- Acres
- 0.23
- Lot Location
- Yard
- Days on Market
- 261
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Private
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $41,136
- Operating Expense
- 18100
Listing courtesy of Listing Agent: Christian Walsh (cw@wireassociates.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.