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933 S Gramercy Pl

0.17 Acres of Residential Land Offered at $1,499,999 in Los Angeles, CA 90019

Investment Highlights

  • RTI - 17 Units with ONLY 2 LOW INCOME requirement
  • Country Club Park / Korea Town adjacent
  • TOC Tier 3

Executive Summary

Approved plans available upon request. First contact listing agent Zan Sacker.

Data Room Click Here to Access

Property Facts

Price $1,499,999
Sale Type Investment
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.17 AC

1 Lot Available

Lot

Price $1,499,999
Price Per AC $8,705,033
Lot Size 0.17 AC

Jewel of Urban Development: 933 South Gramercy Place - RTI for 17 Units 2 of which are low income

Description

933 South Gramercy Place, an unrivaled investment opportunity in the heart of Los Angeles. This vacant lot is your canvas for a visionary project, boasting fully approved Ready to Issue (RTI) plans for an exquisite development of 17 units. The time to break ground is now, ensuring a swift and seamless path to realizing your real estate aspirations. Among the 17 planned units, two cater to low-income housing requirements, showcasing our dedication to inclusive living spaces. This distinctive blend sets the stage for a project that not only promises impressive returns but also contributes positively to the fabric of the neighborhood. Projected to achieve an impressive After-Repair Value (ARV) of $7 to $8 million, 933 South Gramercy Place presents a golden opportunity for substantial returns on your investment. This prime location, coupled with meticulously designed plans, positions your development to stand out in the market and command a premium valuation. Designated under TOC Tier 3, this property benefits from Transit Oriented Communities incentives, unlocking a world of possibilities for optimizing your investment. Los Angeles' vision for sustainable urban growth aligns seamlessly with the potential of 933 South Gramercy Place. Approved plans available upon request.

Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LAR3 (Multiple Dwelling Zone)
LAR3 (Multiple Dwelling Zone)
  • Listing ID: 29647622

  • Date on Market: 9/28/2023

  • Last Updated:

  • Address: 933 S Gramercy Pl, Los Angeles, CA 90019

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