3846 S Gramercy Place, Los Angeles, CA 90062
- $925,000
List Agent Derek Fowler () 310.937.5764 Re/Max Commercial & Investment; CoList ()
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- SB26154987
- Year Built
- 1918
- Lot Size
- 3,388
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 17
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
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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Additional Information
- Pool Description
- None
- Fireplace Description
- Kitchen
- Heat
- Wall Furnace
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.