A large single crystal of S = 1/2 quasi-one-dimensional system gamma-LiV2O5 was successfully grown by the flux method. Single crystals of nonstoichiometric gamma-LixV2O5 were also prepared. The electromagnetic properties of gamma-LixV2O5 (0.90 less than or equal to x less than or equal to 1.00) were investigated. Li deficiency introduces nonmagnetic V5+ (S = 0) ions or holes in the magnetic V4+ (S = 1/2) linear chain. In gamma-LixV2O5, the Curie-like increase of the magnetic susceptibility was observed at low temperature, but no evidence for a magnetic order was observed, in contrast to the 1-D cuprates. The electrical resistivity of gamma-LixV2O5 decreases with Li deficiency at room temperature, but all compounds remain semiconductive. The temperature dependence of conductivity for the gamma-LixV2O5 does not obey any activation types except the stoichiometric gamma-LiV2O5 (E-a similar to 0.32 eV). In gamma-LiV2O5, the exchange integral through the corner of VO5 square pyramid has been estimated to be about 3 times as large as that through the edge. Therefore the magnetic structure of gamma-LiV2O5 can be considered to be an infinite double linear chain, rather than an infinite linear zigzag chain.