3846 S Gramercy Pl - Apartments FOR SALE


Los Angeles, CA 90062- Leimert Park
$925,000 USD
310-937-5764
3846 S Gramercy Pl, Los Angeles, CA for Sale
$925,000 USD
Apartments - FOR SALE
1/4
null | 3.76% Cap Rate

3846 S Gramercy Pl
Los Angeles, CA 90062
Leimert Park


HIGHLIGHTS

  • Delivered with 1 Spacious, Rent Ready Vacancy
  • In-Unit Laundry
  • 2nd Story Enclosed Verandas / Ground Level Porches
  • Garage & Driveway Parking
  • Steady, Long Term Rental Upside
  • Approximately 1.5 Miles West of USC

OVERVIEW

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 DETAILS

PRICE

$925,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

4

PRICE/UNIT

$231,250

CAP RATE

3.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 4-Unit Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,388 SF

ZONING

LAR1

APN/PARCEL ID

5035-026-017

ASK ABOUT THIS PROPERTY

Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

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Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.