Los Angeles Value-Add
For Sale
$799,000
3982 S Gramercy, Los Angeles, CA 90062
Four-unit property with redevelopment potential in Los Angeles.
Property Size3,372 SF
Lot Size0.23 Acres
Days on Market274
Property Features for 3982 S Gramercy
General Information
Standard status
Active
Size
3,372 SF
Lot size
0.23 Acres
Property subtype
Investment
Building Details
Building Size
3,372 SF
Year Built
1923
Stories
1
Units
4
Listing Agency:
(949) 644-6200
Listed By:
Christian Walsh
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 28
Last Checked: Aug 29 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christian Walsh
Investment Insights
Based on property information with market context.
This four-unit property in Los Angeles presents an opportunity for investors. The single-level property includes two duplex buildings totaling approximately 3,372 square feet and is situated on an oversized corner lot of over 9,800 square feet with an adjacent alley, creating a peninsula lot. Each of the four units features two bedrooms and one bathroom, and includes washer and dryer hookups. The property also offers open areas, multiple on-site parking spaces, and a detached garage. The zoning allows for future redevelopment, strategic renovations, and rent optimization. The property is located near public transit and major corridors.
Key Highlights
- Oversized 9,800+ sq ft corner lot with adjacent alley (peninsula lot).
- Value‑add 4plex in the heart of Los Angeles.
- Four 2‑bedroom, 1‑bath units, each with washer/dryer hookups.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 90062, CA
32,524
Population
10,060
Households
3.2
Avg Household Size
36
Median Age
17%
College-Educated
65%
High-School Grad
1.9 sq mi
ZIP Area
17,118
Density / Sq Mi
$63,652
Median Household Income
$35,911
Median Earnings
$1,473
Median Rent
$672,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with redevelopment potential in Los Angeles.
Where is this quadplex located?
The property is located at 3982 S Gramercy Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Oversized 9,800+ sq ft corner lot with adjacent alley (peninsula lot).; Value‑add 4plex in the heart of Los Angeles.; Four 2‑bedroom, 1‑bath units, each with washer/dryer hookups.
