Opportunity knocks for savvy investors: this value-add 4plex in the heart of Los Angeles is priced to GO! This 4-unit, single-level property sits on an oversized 9,800+ sq ft corner lot with adjacent alley, creating a peninsula lot. There are two duplex buildings totaling ~3,372 sq ft, open areas, multiple onsite parking spaces plus a detached garage.
All four units are 2 bedrooms, 1 bath, each with washers/dryer hookups and raised-foundation construction.
The zoning provides multiple pathways for future upside, whether through strategic renovations, rent optimization, or long-range redevelopment. Located near public transit and major corridors this asset offers both immediate stability and significant long-term potential.
For sale
Listing Provided by:
Christian Walsh DRE #01804983 949-677-3466,
Berkshire Hathaway HomeServices California Properties
$849,999
3982 S Gramercy Pl, Los Angeles, CA 90062
8beds
4baths
3,372sqft
Est.:
Quadruplex
Built in 1923
-- sqft lot
$852,500 Zestimate®
$252/sqft
$-- HOA
What's special
Raised-foundation constructionDetached garageOpen areasMultiple onsite parking spaces
- 26 days |
- 637 |
- 59 |
Zillow last checked: 8 hours ago
Listing updated: November 15, 2025 at 06:28am
Listing Provided by:
Christian Walsh DRE #01804983 949-677-3466,
Berkshire Hathaway HomeServices California Properties
Source: CRMLS,MLS#: PW25259008
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,372
- Total interior livable area: 3,372 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 9,819 Square Feet
- Features: Yard
Details
- Parcel number: 5035007011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Private
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $252/sqft
- Tax assessed value: $1,165,248
- Annual tax amount: $14,579
- Date on market: 11/14/2025
- Cumulative days on market: 26 days
- Listing terms: Conventional
- Tenant pays: Electricity, Gas
Estimated market value
$852,500
$810,000 - $895,000
$3,406/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Listed for sale | $849,999$252/sqft |
Source:  CRMLS #PW25259008 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,579 +1.2% | $1,165,248 +2% |
| 2024 | $14,405 +477.3% | $1,142,400 +664.6% |
| 2023 | $2,495 +3.6% | $149,412 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,252/mo
Principal & interest
$4133
Property taxes
$822
Home insurance
$297
Climate risks
Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 3/10Martin Luther King Jr. Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Barack Obama Global Preparation AcademyGrades: 6-11Distance: 0.8 mi
- 2/10Crenshaw Science, Technology, Engineering, Math And Medicine MagnetGrades: 9-12Distance: 1.4 mi
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