Discover a prime investment opportunity at 3846 S Gramercy Place. This four-plex features spacious one-bedroom layouts, including the highly coveted tenant conveniences of in-unit laundry, ground level porches, and second-story enclosed verandas. The property will be delivered with one rent-ready vacant unit, providing the perfect setup for an owner-occupier or an investor ready to capture immediate market-rate rent. With the remaining units currently below market, the new owner is positioned for significant long-term rent growth and appreciation, even without immediate major renovations. Gramercy Place delivers with a garage plus additional driveway spaces. Whether you are looking for a stable addition to your portfolio or a home-plus-income, this property offers a blend of immediate utility and future upside.
For sale
Listed by: Re/Max Commercial & Investment • Derek Fowler • Contact: 310-937-5764
$925,000
3846 S Gramercy Pl, Los Angeles, CA 90062
4beds
--baths
3,200sqft
Quadruplex
Built in 1918
-- sqft lot
$925,300 Zestimate®
$289/sqft
$-- HOA
What's special
- 7 days |
- 49 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Derek Fowler DRE #01319692 dfowler@remax.net,
Re/Max Commercial & Investment
Source: CRMLS,MLS#: SB26154987
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Wall Furnace
Appliances
- Laundry: Inside
Features
- Has fireplace: Yes
- Fireplace features: Kitchen
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, One Space, Side By Side
- Garage spaces: 1
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Pool features: None
Lot
- Size: 3,388 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5035026017
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $785,769
- Annual tax amount: $9,818
- Date on market: 7/15/2026
- Cumulative days on market: 7 days
- Listing terms: Cash,Cash to New Loan
- Tenant pays: Electricity, Gas
Estimated market value
$925,300
$879,000 - $972,000
$2,922/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $925,000+422.6%$289/sqft |
Source:  CRMLS #SB26154987 Report a problem | ||
| 4/28/2006 | Sold | $177,000$55/sqft |
Source: Public Record Report a problem | ||
| 12/21/2001 | Sold | $177,000$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,818 +1.4% | $785,769 +2% |
| 2024 | $9,684 +1.9% | $770,363 +2% |
| 2023 | $9,505 +4.8% | $755,259 +2% |
| 2022 | $9,073 +1.4% | $740,451 +2% |
| 2021 | $8,947 -1% | $725,933 +1% |
| 2020 | $9,035 | $718,490 +2% |
| 2019 | $9,035 +4.9% | $704,403 +2% |
| 2018 | $8,612 | $690,592 +17% |
| 2017 | $8,612 +16.5% | $590,000 +7.3% |
| 2016 | $7,391 +7.8% | $550,000 -6.8% |
| 2015 | $6,860 +51.1% | $590,000 +71% |
| 2014 | $4,540 | $345,000 -13.8% |
| 2012 | -- | $400,000 |
| 2011 | -- | $400,000 |
| 2010 | -- | $400,000 -34.4% |
| 2009 | -- | $610,194 +2% |
| 2008 | -- | $598,230 +2% |
| 2007 | -- | $586,500 +126.1% |
| 2006 | -- | $259,443 |
| 2005 | -- | $259,443 +4% |
| 2004 | -- | $249,370 +1.9% |
| 2003 | -- | $244,800 +2% |
| 2002 | -- | $240,000 +917.9% |
| 2000 | -- | $23,579 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 4/10Martin Luther King Jr. Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10Foshay Learning CenterGrades: K-12Distance: 0.4 mi
- 3/10Manual Arts Senior High SchoolGrades: 9-12Distance: 1.3 mi
- $677,3002 bd2 ba1.7k sqft1759 Middleton Pl, Los Angeles, CA 90062Off Market
- $868,9004 bd4 ba3.1k sqft1763 Middleton Pl, Los Angeles, CA 90062Off Market
- $987,1004 bd2 ba1.5k sqft1755 Middleton Pl, Los Angeles, CA 90062Off Market
- $775,0006 bd6 ba3k sqft3836 S Gramercy Pl, Los Angeles, CA 90062Sold
- $549,4001 bd1 ba784 sqft1758 W 38th Pl, Los Angeles, CA 90062Off Market
- $669,0002 bd2 ba1.5k sqft1801 Middleton Pl, Los Angeles, CA 90062Off Market
- $435,7002 bd1 ba728 sqft3843 S Gramercy Pl, Los Angeles, CA 90062Off Market
- $696,6003 bd2 ba1.5k sqft1754 W 38th Pl, Los Angeles, CA 90062Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $949,9994 bd2 ba2.1k sqft3700 Arlington Ave, Los Angeles, CA 90018For Sale
MLS ID #PW26134588, Lidia Fransis, Lidia Fransis, Broker. CRMLS - $1,050,0005 bd6 ba2.6k sqft4019 S Van Ness Ave, Los Angeles, CA 90062For Sale
MLS ID #CV26143178, Ariana Rios, COMPASS. CRMLS - $755,0004 bd2 ba1.8k sqft3973 S Van Ness Ave, Los Angeles, CA 90062For Sale
MLS ID #26840067, Walter Castillo DRE # 01141632, Coldwell Banker Realty. CLAW - $1,050,0006 bd5 ba2.4k sqft1746 W 38th Pl, Los Angeles, CA 90062For Sale
MLS ID #AR26149633, Jessica Romero, Keller Williams Realty. CRMLS - $985,0004 bd3 ba2.6k sqft5302 S Manhattan Pl, Los Angeles, CA 90062For SaleMLS ID #CV26002027, Arturo Aleman, TRT CAPITAL. CRMLS
- $1,025,0006 bd4 ba3.3k sqft1565 W 51st St, Los Angeles, CA 90062For SaleMLS ID #PW26082298, Alexandro Colombo, Keller Williams Coastal Prop.. CRMLS
- $898,9995 bd4 ba2.4k sqft3987 Halldale Ave, Los Angeles, CA 90062For SaleMLS ID #DW26081327, Jorge Rico, Rico and Rico Realty and Assoc. CRMLS
- $1,050,0005 bd4 ba2.8k sqft1646 W 52nd St, Los Angeles, CA 90062For SaleMLS ID #SR26116564, Maribel Villalobos, Twin Homes & Loans. CRMLS
- $998,0005 bd3 ba2.2k sqft1474 W Vernon Ave, Los Angeles, CA 90062For SaleMLS ID #26638505, Jennifer Stein DRE # 01786020, Keller Williams Realty Santa Barbara. CLAW
- $925,0004 bd2 ba1.9k sqft4706 8th Ave, Los Angeles, CA 90043For SaleMLS ID #DW26137792, Miguel Garcia Loor, Champions Real Estate. CRMLS
- $849,0003 bd2 ba2k sqft3857 2nd Ave, Los Angeles, CA 90008For SaleMLS ID #26857565, Shannon Shue DRE # 01975849, KW Westside Estates. CLAW
- $1,239,0005 bd3 ba2.4k sqft1745 W 39th St, Los Angeles, CA 90062For SaleMLS ID #26833829, Sean Hughes DRE # 01924935, Redfin. CLAW
- $1,075,0006 bd4 ba3.5k sqft4218 S Harvard Blvd, Los Angeles, CA 90062For SaleMLS ID #SR26023848, Renee Watson, LPT Realty, Inc. CRMLS
- $974,9005 bd4 ba2.1k sqft1847 W 48th St, Los Angeles, CA 90062For SaleMLS ID #PW26141267, John Guzman, eXp Realty of Greater Los Angeles. CRMLS
- $999,9004 bd3 ba1.7k sqft4207 S Van Ness Ave, Los Angeles, CA 90062For SaleMLS ID #CV26138448, Jaime Ruiz, OPTION ONE REALTY & INVESTMENT. CRMLS
- $999,0004 bd4 ba2.7k sqft914 W 41st St, Los Angeles, CA 90037For SaleMLS ID #SR26124324, George Kpachavi, LPT Realty, Inc. CRMLS
- $899,0005 bd4 ba4.3k sqft1307 W Martin Luther King Jr Blvd, Los Angeles, CA 90037For SaleMLS ID #SB26022507, Mary Paul, Century 21 Coastal Properties. CRMLS
- $899,9996 bd4 ba2.3k sqft1458 W 49th St, Los Angeles, CA 90062For SaleMLS ID #BB26120089, Bryan Ochse, Media West Realty,Inc.. CRMLS
- $948,0003 bd3 ba1.7k sqft4223 Dalton Ave, Los Angeles, CA 90062For SaleMLS ID #TR26133287, David Wong, Pinnacle Real Estate Group. CRMLS
- $939,0005 bd3 ba2.8k sqft862 W 41st St, Los Angeles, CA 90037For SaleMLS ID #CV26114082, Griselda Aguilar, Venetia's Estate Properties. CRMLS
Local buyer's agents are ready to help
