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… Read More 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. Read Less
Listing Snapshot
Days Online
26
Last Updated
Property Type
Quadruplex
Lot Size
0.08 Acres
Year Built
1918
MLS Number
SB26154987
Additional Details
Building
Built in 1918, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Ground
Community
Curbs, Sidewalks
Expenses
Operating: $25,500
Fireplaces
Kitchen
Garage
1 spaces
Heating
WallFurnace
Income
Gross Income: $63,456, Gross ScheduledIncome: $63,456, Net Operating Income: $34,784
Laundry
Inside
Lot
0.0778 acres, ZeroToOneUnitAcre
Parking
2 open parking spaces, 3 total parking spaces, Garage, OneSpace, SideBySide
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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