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$ 999,900
Est. payment /mo
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4811 S Gramercy PL Los Angeles, CA 90062
6 Beds
2 Baths
4,308 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,308 sqft
Price per Sqft $232
MLS Listing ID 26654085
Bedrooms 6
HOA Y/N No
Year Built 1911
Lot Size 6,503 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features None
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 2
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5015013018
Special Listing Condition Probate Listing
Listed by Bill Gross eXp Realty of California Inc #01022275
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