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$925,000
Est. payment /mo
4 Beds
3,388 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26154987
Bedrooms 4
Lot Size 3,388 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Just south of Exposition Blvd. & west of Western Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5035026017
Acceptable Financing Cash
Listing Terms Cash
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Listed by Derek Fowler, DRE#01319692 Re/Max Commercial & Investment
Nearby School & Business
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