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.
For sale
Listed by: Berkshire Hathaway HomeServices California Properties • Christian Walsh • Contact: 949-644-6200
Price cut: $51K (7/17)
$799,000
3982 S Gramercy Pl, Los Angeles, CA 90062
8beds
4baths
3,372sqft
Quadruplex
Built in 1923
-- sqft lot
$796,300 Zestimate®
$237/sqft
$-- HOA
What's special
Raised-foundation constructionDetached garageOpen areasMultiple onsite parking spaces
- 250 days |
- 180 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Christian Walsh DRE #01804983 949-677-3466,
Berkshire Hathaway HomeServices California Properties
Source: CRMLS,MLS#: PW25259008
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,372
- Total interior livable area: 3,372 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 9,819 Square Feet
- Features: Yard
Details
- Parcel number: 5035007011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Private
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $1,165,248
- Annual tax amount: $14,579
- Date on market: 11/14/2025
- Cumulative days on market: 250 days
- Listing terms: Conventional
- Tenant pays: Electricity, Gas
Estimated market value
$796,300
$756,000 - $836,000
$2,479/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $799,000-6%$237/sqft |
Source:  CRMLS #PW25259008 Report a problem | ||
| 2/27/2026 | Contingent | $849,999$252/sqft |
Source: CRMLS #PW25259008 Report a problem | ||
| 11/14/2025 | Listed for sale | $849,999$252/sqft |
Source: CRMLS #PW25259008 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,579 +1.2% | $1,165,248 +2% |
| 2024 | $14,405 +477.3% | $1,142,400 +664.6% |
| 2023 | $2,495 +3.6% | $149,412 +2% |
| 2022 | $2,408 +2% | $146,484 +2% |
| 2021 | $2,360 -0.6% | $143,612 +1% |
| 2020 | $2,374 | $142,140 +2% |
| 2019 | $2,374 +12.3% | $139,354 +2% |
| 2018 | $2,113 | $136,622 +2% |
| 2017 | $2,113 +1.7% | $133,944 +2% |
| 2016 | $2,078 +4.2% | $131,318 +1.5% |
| 2015 | $1,994 -0.4% | $129,346 +2% |
| 2014 | $2,002 | $126,814 +4.5% |
| 2011 | -- | $121,342 +0.8% |
| 2010 | -- | $120,436 +5.9% |
| 2006 | -- | $113,764 |
| 2005 | -- | $113,764 +6% |
| 2003 | -- | $107,344 +2% |
| 2002 | -- | $105,240 +4% |
| 2000 | -- | $101,156 |
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: 0.3 mi
- 2/10Barack Obama Global Preparation AcademyGrades: 6-12Distance: 0.8 mi
- 3/10Crenshaw Science, Technology, Engineering, Math And Medicine MagnetGrades: 9-12Distance: 1.4 mi
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