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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
Data Room Click Here to Access
Property Facts
1 Lot Available
Lot
Price | $1,499,999 | Lot Size | 0.17 AC |
Price Per AC | $8,705,033 |
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.
zoning
Zoning Code | LAR3 (Multiple Dwelling Zone) |
LAR3 (Multiple Dwelling Zone) |
Presented by
933 S Gramercy Pl
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