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

Studio Baths1.0 Sq 3,372

Monthly Estimate*

^$ 5,303

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.

Multi-Family Active

Price

^$ 849,999

Bedrooms

Studio

Full Bath

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

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 0

Property Type Residential Income

Garage Y/N 1

Special Listing Conditions Standard

Status Active

Directions Martin Luther King to S Gramercy

City Los Angeles

Disclosures Rent Control

Entry Location 1

Senior Community Y/N 0

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 1

Land Lease Y/N 0

Trash Expense 0

Water Sewer Expense 3000

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 74

Property Sub Type Additional Quadruplex

Taxes 11000

Interior

Total Stories 1

Common Walls 1 Common Wall

Laundry Features Inside

Entry Level 1

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 0

Lot Size Source Public Records

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

* Excluded Features

List By

Berkshire Hathaway Homeservices California Properties

Broker

CW@wireassociates.com

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$5,303

Per Month

Monthly Principal & Interest: $5,303
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% 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

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,897,717

Percent of Sale Price 123%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
11/20/2025	$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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/18/2025. 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.

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3982 S Gramercy

Multi-Family Home for sale in Los Angeles, CA

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