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.
Property Details
Price:
$899,999
MLS #:
26654085
Status:
Active
Beds:
6
Baths:
2
Type:
Single Family
Neighborhood:
phhtparkhillsheights
Listed Date:
Feb 20, 2026
Finished Sq Ft:
4,308
Total Sq Ft:
4,308
Lot Size:
6,502 sqft / 0.15 acres (approx)
Year Built:
1911
See this Listing
Schools
Interior
Levels
U
Exterior
Garage Spaces
2
Parking Spots
2
Parking Total
2
Financial
Map
Community
- Address4811 S Gramercy PL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 04, 2026
10,142
Single Family Listed
89
Avg DOM
496
Avg $ / SqFt
$1,532,735
Avg List Price
Property Summary
- 4811 S Gramercy PL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90062. It is listed for $899,999 and features 6 beds, 2 baths, and has approximately 4,308 square feet of living space, and was originally constructed in 1911. The current price per square foot is $209. The average price per square foot for Single Family listings in Los Angeles is $496. The average listing price for Single Family in Los Angeles is $1,532,735.
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4811 S Gramercy PL
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