3982 S Gramercy, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
3982 S Gramercy
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 3982 S Gramercy, Los Angeles, California 90062 is currently available with a list price of $849,999. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
This 1923-built 4plex is explicitly marketed as a 'value-add' investment requiring strategic renovations and significant capital expenditure. The century-old infrastructure, including likely outdated electrical and plumbing systems, combined with the need for interior modernization of kitchens and bathrooms, aligns with the poor condition category requiring substantial rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The oversized 9,800+ sq ft corner lot with alley access offers rare redevelopment or ADU expansion opportunities in a high-demand Los Angeles submarket.
- Desirable Unit Mix
All four units feature 2-bedroom, 1-bathroom layouts with individual laundry hookups, providing a competitive edge in the rental market and attracting stable, long-term tenants.
- Strategic Value-Add Opportunity
Priced specifically for investors, the property allows for substantial equity growth through interior renovations and rent optimization to meet current market rates.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1923, the property likely requires significant capital expenditure for system upgrades, including plumbing, electrical, and structural maintenance typical of older raised foundations.
- Intensive Initial Capital Outlay
As a value-add asset, the property will require immediate and potentially heavy investment to address deferred maintenance and modernize units before achieving peak rental income.
About 3982 S Gramercy
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1923
- Lot Size
- 9,819 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,372 | 2,484 | 87% |
| Lot Size | 9,819 | 5,676 | 96% |
| Price | $850.0K | $853.0K | 39% |
| Price per sq ft | $252 | $367 | 13% |
| Built year | 1923 | 1922 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 112 | 202 | 13% |
Pricing History
Listed for Sale
Nov 14, 2025
$849,999
Initial Listing