3510 S Gramercy, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 2 bath
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3510 S Gramercy
Los Angeles, California 90018
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,022Sq Ft
5,204Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$715,064
SUMMARY
This Duplex Residential Income property presents a Prime Investment Opportunity with a List Price of $700,000—positioned well below the $715,065 Fair Market Value by 2%. This valuation gap offers $15,065 in Instant Equity. Featuring a Condition Rating of 4, the property includes recent infrastructure upgrades like a new roof and updated electrical. With LAR2 Zoning and a vacant delivery, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants utilizing a house-hacking strategy near USC and major transit corridors.
Estimated Market Value
$715,064
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3510 S Gramercy Subject 3 bd · 2 ba · 2,022 sqft · $354 | $700,000* List Price | 3 | 2 | 2,022 | $354 | - |
A 3417 4th Avenue Sold 3 bd · 2 ba · 2,422 sqft · $291 · 0.5 mi | $705,000 | 3 | 2 | 2,422 | $291 | 0.5 mi |
B 3050 11th Sold 0 bd · 0 ba · 1,725 sqft · $391 · 0.9 mi | $675,000 | 0 | 0 | 1,725 | $391 | 0.9 mi |
C 3436 8th Active Under Contract 0 bd · 0 ba · 2,291 sqft · $371 · 0.7 mi | $850,000 List Price | 0 | 0 | 2,291 | $371 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1924, this century-old duplex is well-maintained but dated. While it benefits from essential system upgrades (new roof, updated plumbing, and electrical), the interior retains its original layout and requires cosmetic updates to the kitchen and bathrooms to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
This duplex is delivered vacant and features LAR2 zoning, providing an excellent opportunity for immediate rental income, multi-generational living, or a 'house-hacking' strategy for an owner-occupant.
- Significant Infrastructure Upgrades
The property boasts a new roof and updated plumbing and electrical systems, addressing the most costly maintenance items and providing peace of mind for the next owner.
- Prime Central Location
Ideally situated near USC, Downtown Los Angeles, and major freeways (10, 110, 60), the property offers high desirability for tenants and easy access to the city's major employment and entertainment hubs.
CONSRISKS & DEFICIENCIES
- Original 1920s Configuration
While the home has been maintained, the 1924 original layout may feel restrictive by modern standards, likely requiring cosmetic updates or floor plan modifications to maximize its appeal.
- Low Local School Ratings
Many of the surrounding public schools carry low performance ratings (ranging from 1 to 3), which may be a deterrent for long-term family residents and impact future resale value to that demographic.
About 3510 S Gramercy
Welcome to this great opportunity! Duplex front home 2-bedroom, 1-bathroom, Back home 1-bedroom, 1-bathroom offering 2,022 square feet of living space on a 5,204 sqft lot in Los Angeles. Featuring its original layout, this property provides a solid foundation and a great opportunity for the next owner to bring their own vision and personal style to the home. Hardwood floors run through much of the home. Recent upgrades include new roof, updated plumbing, and electrical. The spacious floor plan offers flexibility for comfortable living, entertaining, or future improvements. Has a generous front and backyard with the potential for outdoor gatherings providing added peace of mind and curb appeal. . Conveniently located near Jefferson Park and just minutes from USC, Downtown Los Angeles, the Fashion District, Crypto.com Arena and the Los Angeles Memorial Coliseum, this home offers easy access to some of LA’s most prominent destinations, dining, entertainment, and city amenities, easy access to the 10, 110, and 60 freeways. A great opportunity to own a well-kept Duplex in a convenient Los Angeles location with room to make it truly your own. Zoning LAR2, Don't miss out!!! Property will be delivered vacant.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 5,204 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Birdielee V. Bright Elementary School
Grades K-5 • 0.2 mi
4/10
Sixth Avenue Elementary School
Grades K-5 • 0.6 mi
3/10
Tom Bradley Global Awareness Magnet School
Grades K-5 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 2,022 | 2,090.331 |
| Lot Size | 5,204 | 5,852.908 |
| Price | $700.0K | $830.9K |
| Price per sq ft | $346 | $394 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 42 | 87 |
Pricing History
Listed for Sale
Sep 28, 2026
$700,000
Initial Listing