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    3982 S Gramercy Dr Los Angeles, CA 90062

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    For Sale
    $849,999

    Four-unit property with redevelopment potential in Los Angeles.

    Lot size:
    0.23 Acres

    Property Features for 3982 S Gramercy Dr

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1923

    Source: Berkshire Hathaway HomeServices California Properties Agent Christian Walsh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Value-Add Fourplex

    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.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.31203
    Latitude
    34.04983

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    FAQs

    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 Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $849,999.
    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.
    (949) 644-6200
    Request Owner's contact information
    3982 S Gramercy Dr Los Angeles, CA 90062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3982 S Gramercy Dr Los Angeles, CA 90062
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