Land For Sale • 0.17 AC
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.
RTI - 17 Units with ONLY 2 LOW INCOME requirement |
TOC Tier 3 |
Country Club Park / Korea Town adjacent |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
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/Subway | Drive | Walk | Distance |
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 14 min | 0.7 mi |
Airport | Drive | Walk | Distance |
Los Angeles International | 22 min | - | 11.5 mi |
Bob Hope | 22 min | - | 12.6 mi |
Long Beach (Daugherty Field) | 34 min | - | 24.5 mi |