4811 S Gramercy Place, Los Angeles, CA 90062
Local realty services provided by:ERA North Orange County Real Estate
4811 S Gramercy Place,Los Angeles, CA 90062
$899,999
- 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:$899,999
- Price per sq. ft.:$208.91
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 supply-constrained neighborhood; the estate is motivated and ready to review serious offers....
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Home facts
- Year built:1911
- Listing ID #:26654085
- Added:118 day(s) ago
- Updated:June 19, 2026 at 10:54 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:$899,999
- Price per sq. ft.:$208.91
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
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