3982 S Gramercy, Los Angeles, CA 90062

0 beds 0 baths 9,819 sq.ft.

Offerered at: $849,999.00

County: Los Angeles
Year Built: 1923
Association Fees: $0.00/mo.

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.

ESSENTIAL INFO

  • Status: Active Under Contract