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933 S Gramercy Place, Los Angeles, CA 90019

Local realty services provided by:CENTURY 21 Lois Lauer Realty
933 S Gramercy Place,Los Angeles, CA 90019
$1,295,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: matthew paul
Office: rodeo realty
MLS#:25589527
Source:CRMLS

Price summary

  • Price:$1,295,000

About this home

933 South Gramercy Place offers a prime ground-up multifamily development opportunity in Los Angeles' thriving Mid-City/Koreatown corridor. This vacant parcel is zoned LAR3 on a 7,506 square foot lot and benefits from TOC Tier 3 incentives, allowing for a density bonus above the base zoning while reducing parking and setback requirements. Previously approved plans for DEMOLITION OF EXISTING SFD AND CONSTRUCTION OF NEW 17-UNIT, 6-STORY 67-FEET IN HEIGHT, 16,373 SF APARTMENT BUILDING. The property is currently presented with a fully conceptualized plan for 17 units, including two deed-restricted affordable units to satisfy TOC requirements, offering investors a bold but realistic roadmap to maximize the site's value. The proposed program capitalizes on transit-oriented incentives, minimizing hard costs tied to subterranean parking and aligning with the city's sustainable urban growth objectives. 933 South Gramercy Place is a strategically positioned, clean land play with a clear

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Home facts

  • Listing ID #:25589527
  • Added:142 day(s) ago
  • Updated:January 25, 2026 at 11:50 AM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,295,000
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