4811 S Gramercy Place, Los Angeles, CA 90062
List Price: $1000K
Listing Status: Active
Original List Price: $1.1M
0Days on Market: 120
6 Bedrooms · 2 Bathrooms · 4,308 sq ft
Property Type: ResidentialIncome
Year Built: 1911
Lot Size: 6,502 sq ft
Garage Spaces: 2
MLS Number: 26654085
About This Property
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.
Listing provided by: Bill Gross DRE #01022275 310-210-0008 Bill@TheLAProbateExpert.com, eXp Realty of California Inc
Source: CRMLS, MLS #: 26654085
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.