3846 S Gramercy PlaceLos Angeles, CA 90062

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.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1918

Stories

2

Building area

3,200 Sq Ft

Lot size

0.08 acres

Garage spaces

1

Parking spaces

1

Days on market

96

MLS^® Listing#

SB26154987

Property Features

Heating

Wall Furnace

Fireplace

Kitchen

Pool

None

Parking

Garage · Side By Side

Laundry

Inside

Community

Curbs · Sidewalks

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Parcel number

5035026017

Directions

Just south of Exposition Blvd. & west of Western Ave.