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A 4-Unit Property 3846 S Gramercy Pl 4 Unit Apartment Building $925,000 ($231,250/Unit) 3.76% Cap Rate Los Angeles, CA 90062
Investment Highlights
- Delivered with 1 Spacious, Rent Ready Vacancy
- 2nd Story Enclosed Verandas / Ground Level Porches
- Steady, Long Term Rental Upside
- In-Unit Laundry
- Garage & Driveway Parking
- Approximately 1.5 Miles West of USC
Executive Summary
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.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$63,456
|
$19.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,173
|
$0.99
|
| Effective Gross Income |
$60,283
|
$18.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,500
|
$7.97
|
| Net Operating Income |
$34,783
|
$10.87
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $63,456 |
| Annual Per SF | $19.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,173 |
| Annual Per SF | $0.99 |
| Effective Gross Income | |
|---|---|
| Annual | $60,283 |
| Annual Per SF | $18.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,500 |
| Annual Per SF | $7.97 |
| Net Operating Income | |
|---|---|
| Annual | $34,783 |
| Annual Per SF | $10.87 |
Property Facts
Amenities
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,000 | 760 |
| 1+1 | 1 | $1,143 | 760 |
| 1+1 | 1 | $1,105 | 760 |
| 1+1 | 1 | $1,040 | 760 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5035-026-017 | Improvements Assessment | $170,814 (2025) |
| Land Assessment | $614,955 (2025) | Total Assessment | $785,769 (2025) |
Property Taxes
Parcel Number
5035-026-017
Land Assessment
$614,955 (2025)
Improvements Assessment
$170,814 (2025)
Total Assessment
$785,769 (2025)
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A 4-Unit Property | 3846 S Gramercy Pl
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