3982 S Gramercy Los Angeles, CA $ 849,999
3982 S Gramercy
$ 849,999
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3982 S Gramercy

Los Angeles, CA, 90062
$ 849,999
Baths1.0 Sq 3,372

Monthly Estimate*

$ 5,234

Listed by Berkshire Hathaway HomeServices California Properties
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $849,999 with 1 full bath. This 3,372 square foot home was built in 1923 on a lot size of 0.2254.

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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Multi-Family Contingent

Price

$ 849,999

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2254

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW25259008

Days on Market

135

Features
General
Sewer Public Sewer
Garage Spaces 2
Pool Features None
Year Built 1923
Tenant Pays Electricity Gas
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 41136
Community Features Sidewalks
County Los Angeles
Net Operating Income 23036
Operating Expense 18100
Insurance Expense 4100
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active Under Contract
Directions Martin Luther King to S Gramercy
City Los Angeles
Disclosures Rent Control
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area C34 - Los Angeles Southwest
Lot Size Units Square Feet
Lot Size Square Feet 9819
Listing Terms Conventional
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 3000
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 74
Property Sub Type Additional Quadruplex
Taxes 11000
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Interior
Total Stories 1
Common Walls 1 Common Wall
Laundry Features Inside
Entry Level 1
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Exterior
Parking Features Driveway
Lot Features Yard
Water Source Private
Total Parking 6
Lot Size Area 9819
Number of Buildings 3
Building Area Total 3372
Lot Size Acres 0.2254
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Berkshire Hathaway Homeservices California Properties

Broker

CW@wireassociates.com

Email

Affordability Calculator

$5,234
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Monthly Principal & Interest
$5,234
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$849,999 Listed Price

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3982 S Gramercy, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $849,999 with 3,372 sqft and a lot size of 0.2254. 3982 S Gramercy is a studio with 1.0 baths and was built in 1923. The property's zip code is 90062 which is in Los Angeles, CA