Realkey.ai
RealKey
‪(213) 433-7766‬

4811 S Gramercy, Los Angeles, California 90062, Los Angeles, 90062 - 6 bed, 2 bath

4811 S Gramercy, Los Angeles, California 90062 home-pic-0
ACTIVE$1,300,000$4,308/sqft
4811 S Gramercy, Los Angeles, California 90062
6Beds
2Baths
4,308Sqft
6,502Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multiple Income Streams: As a triplex, this property offers significant rental income potential, making it an attractive option for both owner-occupants seeking supplemental income and savvy investors.
Top Cons:
Advanced Age & Potential for Updates: Built in 1911, the property is over a century old, suggesting potential for outdated systems (plumbing, electrical) and a need for significant capital expenditures for modernization or deferred maintenance.

Compared to the nearby listings

Price:$1.30M vs avg $960.0K (+$340,000)76%
Size:4,308 sqft vs avg 2,448 sqft94%
Price/sqft:$302 vs avg $39118%

More Insights

Built in 1911 (115 years old).
Condition: Built in 1911, this triplex is over a century old and shows significant signs of age and deferred maintenance. The visible interior spaces feature dated wallpaper, older light fixtures, and a mix of worn hardwood, tile, and carpet. The exterior siding appears faded and worn, with visible external conduits suggesting outdated electrical systems. Crucially, there are no images of the kitchen or bathrooms, which, combined with the overall condition, strongly implies they are in need of substantial renovation. The property requires significant capital expenditures for modernization and rehabilitation to meet current quality standards and tenant expectations.
Year Built
1911
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$302
HOA
-
Days on market
-
Sold On
-
MLS number
IV25282259
Home ConditionPoor
Features
ViewNeighborhood

About this home

Welcome to this charming triplex located in the vibrant neighborhood of Los Angeles. This exceptional property is perfect for first-time homebuyers seeking both comfort and investment potential, as well as savvy investors looking to expand their real estate portfolio. The triplex features three well-proportioned units, providing flexibility for diverse living arrangements. The owner can occupy one unit while generating passive income from the other two, making it an ideal opportunity for those new to homeownership. Each unit boasts a unique layout and ample natural light, creating inviting living spaces. Situated in a growing area, this property is conveniently located near shops, restaurants, and public transportation, enhancing its appeal for tenants. Whether you're starting your journey as a homeowner or adding to your investment properties, this triplex offers a remarkable opportunity to benefit from Los Angeles’ thriving rental market. Don’t miss out on this fantastic chance to secure a property that works for you!

J
JAMIE DAVIS
Listing Agent
Condition Rating
Poor
Built in 1911, this triplex is over a century old and shows significant signs of age and deferred maintenance. The visible interior spaces feature dated wallpaper, older light fixtures, and a mix of worn hardwood, tile, and carpet. The exterior siding appears faded and worn, with visible external conduits suggesting outdated electrical systems. Crucially, there are no images of the kitchen or bathrooms, which, combined with the overall condition, strongly implies they are in need of substantial renovation. The property requires significant capital expenditures for modernization and rehabilitation to meet current quality standards and tenant expectations.
Pros & Cons

Pros

Multiple Income Streams: As a triplex, this property offers significant rental income potential, making it an attractive option for both owner-occupants seeking supplemental income and savvy investors.
Strategic Location & Accessibility: Situated in a vibrant and growing Los Angeles neighborhood, the property boasts convenient access to shops, restaurants, and public transportation, enhancing tenant desirability.
Strong Investment Opportunity: The listing explicitly positions this property as an 'exceptional opportunity' to benefit from Los Angeles’ thriving rental market, ideal for expanding a real estate portfolio.
Flexible Living Arrangements: The three well-proportioned units provide versatility for diverse living situations, including owner-occupancy with rental income or multi-generational living.
Inviting Living Spaces: Each unit features a unique layout and ample natural light, contributing to comfortable and desirable living environments for residents.

Cons

Advanced Age & Potential for Updates: Built in 1911, the property is over a century old, suggesting potential for outdated systems (plumbing, electrical) and a need for significant capital expenditures for modernization or deferred maintenance.
Low Bathroom-to-Bedroom Ratio: With a total of 2 bathrooms for 6 bedrooms across three units, the average bathroom count per unit is low, which may not meet modern tenant expectations or family living standards.
Absence of Parking Information: The listing does not mention parking availability, which is a critical amenity in a dense urban area like Los Angeles and could be a significant drawback for tenants and owner-occupants of a multi-unit property.
Browse Properties by State Browse housing market trends by state