Properties
Los Angeles, CA 90062 3982 S Gramercy
$849,999
20 more
Presented By: Christian Walsh with Berkshire Hathaway HomeServices California Properties; 949-677-3466
Baths • 1
SQFT • 3,372
Garage • 2
Home Details
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.
Presented By: Christian Walsh with Berkshire Hathaway HomeServices California Properties; 949-677-3466
Interior Features for 3982 S Gramercy
Other Interior Features
Common WallsOneCommonWall
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 3982 S Gramercy
Additional Parcels Y/NNo
Building Area UnitsSquareFeet
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
DirectionsMartin Luther King to S Gramercy
DisclosuresRentControl
Entry Location1
Garage Spaces2
Garage Y/NYes
Gross Income41136
Insurance Expense4100
Land Lease Y/NNo
LevelsOne
Listing TermsConventional
Lot Size Square Feet9819
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income23036
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
Operating Expense18100
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count1
Tax Lot74
Taxes$11,000
Tenant PaysElectricity, Gas
Trash Expense0
Water Sewer Expense3000
Year Built1923
Year Built SourceAssessor
Exterior for 3982 S Gramercy
Building Area Total3372
Lot FeaturesYard
Lot Size Acres0.2254
Lot Size Area9819
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesDriveway
Private PoolNo
Total Parking6
Water SourcePrivate
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
