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4811 S Gramercy Place, Los Angeles, CA 90062

Los Angeles
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
4811 S Gramercy Place,Los Angeles, CA 90062
$999,900
  • 6 Beds
  • 2 Baths
  • 4,308 sq. ft.
  • Multi-family
  • Active
Listed by: bill gross, capries wylie-phillips
Office: exp realty of california inc310-210-0008
MLS#:26654085
Source:CRMLS

Price summary

  • Price:$999,900
  • Price per sq. ft.:$232.1

About this home

MAJOR PRICE IMPROVEMENT STRATEGIC VALUE-ADD OPPORTUNITY: Unlock substantial equity with this high-upside 1911 Craftsman triplex, spanning approximately 4,308 sq ft of living area on a prime 6,502 sq ft LAR4-zoned lot. This transparent, no-frills probate sale is priced to move, specifically accounting for the cosmetic updates needed to capture a healthy spread between acquisition and market value. Offering the rare advantage of flexible occupancy, it can be delivered vacant, investors can bypass tenant buyouts and move straight to a total rental reset or renovation at 2026 market rates. With its classic architectural "bones," multiple structures, and high-density development potential per the LAR4 zoning (Buyer to verify), this property is a cornerstone asset positioned near major transit and employment corridors. Sold strictly as-is and subject to court confirmation, this is a clear-cut opportunity for a professional investor to reposition a large-scale multi-unit asset in a...

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Home facts

  • Year built:1911
  • Listing ID #:26654085
  • Added:62 day(s) ago
  • Updated:April 24, 2026 at 10:39 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Living area:4,308 sq. ft.

Structure and exterior

  • Year built:1911
  • Building area:4,308 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$999,900
  • Price per sq. ft.:$232.1

Parking

  • Total parking spaces:2
  • Garage:Yes
  • Garage spaces:2
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