3846 S Gramercy Place, Los Angeles, CA 90062

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Beds

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Baths

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Sq ft

About this home

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.

Type

Quadruplex

Year built

1918

Lot

3,388 sq ft

Garage

1 car

HOA

None

Pool

View

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Solar

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Estimated payment

$5,834/mo

Principal & interest$4,677
Property tax (est.)$886
Home insurance (est.)$270

Down payment: 20% ($185,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Derek Fowler, Re/Max Commercial & Investment, dfowler@remax.net. MLS# SB26154987. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 10:09 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.