Fourplex Residential Income
For Sale
$699,000
3982 S Gramercy Pl, Los Angeles, CA 90062
Four 2-bedroom, 1-bath units in two duplex buildings on a corner lot with adjacent alley and onsite parking.
Property Size3,372 SF
Lot Size0.22 Acres
Price / SF$207.30
Days on Market315
Property Features for 3982 S Gramercy Pl
General Information
Standard status
Active
Size
3,372 SF
Lot size
0.22 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1923
Stories
1
Construction
raised foundation
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(949) 644-6200
Listed By:
Christian Walsh · License #01804983
(949) 677-3466
Source:
Exitrealty
Added: Dec 11, 2025
Changed: Oct 11
Last Checked: Oct 11 at 4:47AM
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 Berkshire Hathaway HomeServices California Properties
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Investment Insights
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This 4-unit residential income property features two duplex buildings on a single level. Each unit offers a 2-bedroom, 1-bath layout with washers/dryer hookups, and the property is described as raised-foundation construction. The site includes open areas, multiple onsite parking spaces, and a detached garage. The seller also highlights the property as a value-add opportunity.
The buildings sit on an oversized 9,800+ sq ft corner lot with adjacent alley, creating a peninsula-style lot configuration. The property is located near public transit and major corridors.
All four units are currently configured consistently, and the seller notes that zoning provides multiple pathways for future options, including potential renovations, rent optimization, or redevelopment.
The buildings sit on an oversized 9,800+ sq ft corner lot with adjacent alley, creating a peninsula-style lot configuration. The property is located near public transit and major corridors.
All four units are currently configured consistently, and the seller notes that zoning provides multiple pathways for future options, including potential renovations, rent optimization, or redevelopment.
Key Highlights
- 4‑plex built in 1923 with four 2‑bedroom, 1‑bath units across two duplex buildings
- Oversized 9,800+ sq ft corner lot with adjacent alley creates a peninsula lot configuration
- Two duplex buildings totaling approximately 3,372 sq ft with open areas and multiple onsite parking spaces
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
912
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
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Market
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units in two duplex buildings on a corner lot with adjacent alley and onsite parking.
Where is this quadplex located?
The property is located at 3982 S Gramercy Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4‑plex built in 1923 with four 2‑bedroom, 1‑bath units across two duplex buildings; Oversized 9,800+ sq ft corner lot with adjacent alley creates a peninsula lot configuration; Two duplex buildings totaling approximately 3,372 sq ft with open areas and multiple onsite parking spaces
