3846 S Gramercy Place Los Angeles, CA $ 925,000
3846 S Gramercy Place
$ 925,000
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3846 S Gramercy Place

Los Angeles, CA, 90062
$ 925,000
Baths0.0 Sq 3,200

Monthly Estimate*

$ 5,841

Listed by Re/Max Commercial & Investment
3846 S Gramercy Place, Los Angeles, CA 90062 - Image 1
3846 S Gramercy Place, Los Angeles, CA 90062 - Image 2
3846 S Gramercy Place, Los Angeles, CA 90062 - Image 3
3846 S Gramercy Place, Los Angeles, CA 90062 - Image 4
3846 S Gramercy Place, Los Angeles, CA 90062 - Image 5
3846 S Gramercy Place, Los Angeles, CA 90062 - Image 6
Studio

Multi-Family Home for sale in Los Angeles, CA

for $925,000. This 3,200 square foot home was built in 1918 on a lot size of 0.0778.

Discover a prime investment opportunity at 3846 S Gramercy Place. This four-plex features spacious one-bedroom layouts, including the highly coveted tenant conveniences of in-unit laundry, ground level porches, and second-story enclosed verandas. The property will be delivered with one rent-ready vacant unit, providing the perfect setup for an owner-occupier or an investor ready to capture immediate market-rate rent. With the remaining units currently below market, the new owner is positioned for significant long-term rent growth and appreciation, even without immediate major renovations. Gramercy Place delivers with a garage plus additional driveway spaces. Whether you are looking for a stable addition to your portfolio or a home-plus-income, this property offers a blend of immediate utility and future upside.

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Multi-Family Active

Price

$ 925,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0778

Year Built

1918

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB26154987

Days on Market

1

Features
General
Sewer Public Sewer
Heating Wall Furnace
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Garage Spaces 1
Pool Features None
Year Built 1918
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 63456
Community Features Curbs Sidewalks
County Los Angeles
Net Operating Income 34784
Operating Expense 25500
Insurance Expense 0
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Just south of Exposition Blvd. & west of Western Ave.
City Los Angeles
Entry Location Ground
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 4
MLS Area PHHT - Park Hills Heights
Lot Size Units Square Feet
Lot Size Square Feet 3388
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 35
Property Sub Type Additional Quadruplex
Cap Rate 3.76
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Interior
Fireplace Features Kitchen
Total Stories 2
Common Walls 1 Common Wall
Heating Y/N true
Fireplace Y/N true
Laundry Features Inside
Entry Level 1
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Exterior
Parking Features Garage One Space Side By Side
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 3
Lot Size Area 3388
Number of Buildings 1
Building Area Total 3200
Lot Size Acres 0.0778
Private Pool false
Lot Size Source Assessor
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
Re/Max Commercial & Investment

Broker

dfowler@remax.net

Email

Affordability Calculator

$5,841
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Monthly Principal & Interest
$5,841
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Default based on a 30-year fixed rate of 6.49% 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
7/16/2026$925,000 Listed Price

Map


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3846 S Gramercy Place, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $925,000 with 3,200 sqft and a lot size of 0.0778. 3846 S Gramercy Place is a studio with 0.0 baths and was built in 1918. The property's zip code is 90062 which is in Los Angeles, CA