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933 S Gramercy Pl
Los Angeles, CA 90019

$1,499,999 USD

Land For Sale  •  0.17 AC

Property Details

  • Property Type Land
  • Lot Size 0.17 AC
  • Zoning LAR3
72 Transit Score
89 Walk Score

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.

Highlights

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

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 11 min - 5.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 5.6 mi
Transit/SubwayDriveWalkDistance
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 14 min 0.7 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 11.5 mi
Bob Hope 22 min - 12.6 mi
Long Beach (Daugherty Field) 34 min - 24.5 mi
Zan Sacker 310-560-1622 KW Advisors
Zan Sacker 310-560-1622 KW Advisors