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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

eXp Realty Of California Inc

eXp Realty Of Southern California Inc.

310-210-0008

Last updated:

May 14, 2026, 10:41 AM

MLS#

26654085

Source:

CRMLS

About This Home

4811 S Gramercy Place

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.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1911

Price Summary

899,999

$208 per Sq. Ft.

MLS #:

26654085

Last Updated:

May 14, 2026, 10:41 AM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

4,308 Sq. Ft.


Structure

Structure

Building Area:

4,308 Sq. Ft.

Year Built:

1911


Lot

Lot Size (Sq. Ft):

6,503


Finances & Disclosures

Finances

Price:

$899,999

Price per Sq. Ft:

$208 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Hallmark Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Hallmark Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.