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: dfowler@remax.net
$925,000
3846 S Gramercy Pl, Los Angeles, CA 90062
4beds
--baths
3,200sqft
Quadruplex
Built in 1918
-- sqft lot
$921,400 Zestimate®
$289/sqft
$-- HOA
What's special
- 52 days
- 79
- 9
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: $801,484
- Date on market: 7/15/2026
- Cumulative days on market: 52 days
- Listing terms: Cash,Cash to New Loan
- Tenant pays: Electricity, Gas
Estimated market value
$921,400
$875,000 - $967,000
$2,731/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 |
|---|---|---|
| 2026 | -- | $801,484 +2% |
| 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
Similar homes
- $930,0004 bd2 ba2k sqft3959 Halldale Ave, Los Angeles, CA 90062For Sale
MLS ID #CV26193258, Alan Ramirez, REAL BROKERAGE TECHNOLOGIES. CRMLS - $898,8004 bd4 ba1.7k sqft5214 Cimarron St, Los Angeles, CA 90062For Sale
MLS ID #26958983, Barbara Isabel DRE # 02057627, Serhant California, Inc. CLAW - $899,0004 bd2 ba1.9k sqft3933 Denker Ave, Los Angeles, CA 90062For Sale
MLS ID #SR26171349, Michael Weaver, Rodeo Realty. CRMLS - $980,0005 bd3 ba1.6k sqft4812 S Gramercy Pl, Los Angeles, CA 90062For Sale
MLS ID #SB26194089, Menah Martinez, Estate Properties. CRMLS
Local buyer's agents are ready to help
