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Fourplex in Chesterfield Square


5421 S Gramercy Pl

# of Units: 4

GRM: 11.37

CAP Rate: 6.52%

Price/SF: $296

Building SF: 2,636

Lot SF: 5,850

Zoning: LAR2

Year Built: 1941


5421 S. Gramercy Pl is a four unit building in the South LA neighborhood of Chesterfield Square near Leimert Park. It sits on a quaint, palm tree lined street across from Chesterfield Square Park. All units are 1 Bedroom + 1 Bath and average 659 SF each, and feature rear washrooms with washer/dryer hookups and back doors. In the rear are 4 single car garages with alley access. The property will be delivered with two vacant units, making this a fantastic value-add opportunity. Currently the front upstairs unit is vacant and easy to show! An Incredible value for under $850K!



Chesterfield Square is a neighborhood in South LA that encompasses a 0.63 square mile. It neighbors Leimert Park, Hyde Park, Vermont Square, and Harvard Park. The subject property is directly across from Chesterfield Square Park and less than half a mile to Slauson Ave. Home values have risen 15.4% in the last year and the average home value in South Los Angeles is $721,649

Property Highlights​​

  • Chesterfield Square Neighborhood, appx 1 mile to the Hyde Park station on the new Crenshaw Line!

  • Excellent Owner-User Opportunity

  • Four Units - All 1Br + 1Ba Units:

  • Appx 659 SF Each

  • Two Long Term Tenants

  • Two Units Will Be Delivered Vacant

  • Subject to City of LA Rent Control

  • Parking in Rear

  • Four - Single Car Garages

  • Access via Alley

  • 5,850 SF Lot

  • Low Price Per SF - Only $322/SF!

  • Value-Add Opportunity

  • Easy Access to 110 FWY, Inglewood, Slauson, and Western.

  • "Very Walkable" *71* Walk Score

  • Near Hyde Park, Crenshaw, Leimert Park, and Vermont Square!

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