Los Angeles Value-Add
3982 S Gramercy, Los Angeles, CA 90062
For Sale
$799,000
Pending
Four-unit property in Los Angeles with redevelopment potential.
Property Size3,372 SF
Lot Size0.23 Acres
Days on Market245
Property Features for 3982 S Gramercy
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty
Listed By:
Christian Walsh · License #01804983
(949) 677-3466
Source:
Elliman
Added: Mar 10
Changed: Nov 3
Last Checked: Nov 8 at 6:47AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This four-unit property is located in Los Angeles. The single-level property consists of two duplex buildings totaling approximately 3,372 square feet and sits on an oversized 9,800+ square foot corner lot with an adjacent alley, creating a peninsula lot. Each of the four units features two bedrooms and one bath, as well as washer and dryer hookups. The property also includes open areas, multiple on-site parking spaces, and a detached garage. Located near public transit and major corridors, this property offers redevelopment potential through strategic renovations, rent optimization, or long-range redevelopment.
Key Highlights
- Oversized 9,800+ sq ft corner lot, a peninsula lot thanks to the adjacent alley.
- Value‑add 4plex in the heart of Los Angeles.
- Four 2‑bedroom, 1‑bath units, each with washer/dryer hookups.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,887
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,740
$1.2M
Cap Rate 7%
$841,243
$841.2K
Cap Rate 9%
$654,300
$654.3K
Market Conditions
NOI Build-Up for 3,372 SF
Gross rent
$91.0K $27.00/SF
− Vacancy
−$6.9K −$2.05/SF
EGI
$84.1K $24.95/SF
− OpEx
−$25.2K −$7.48/SF
NOI
$58.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,740
Cap Rate 7%
$841,243
Cap Rate 9%
$654,300
Alternative Uses
Best Use
Multifamily LT 5
$841.2K
$736.1K – $981.5K
NOI $58,887 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$775.1K
$678.2K – $904.3K
NOI $54,258 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,550 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,295
Businesses Nearby
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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
$672,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in Los Angeles with redevelopment potential.
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, a peninsula lot thanks to the adjacent alley.; Value‑add 4plex in the heart of Los Angeles.; Four 2‑bedroom, 1‑bath units, each with washer/dryer hookups.
