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933 S Gramercy Place, Los Angeles, CA 90019

Los Angeles
Local realty services provided by:CENTURY 21 LOTUS
933 S Gramercy Place,Los Angeles, CA 90019
$1,199,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: matthew paul
Office: rodeo realty310-724-7100
MLS#:25589527
Source:CRMLS

Price summary

  • Price:$1,199,000

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 CONSTRUCTION OF NEW 17-UNIT, 6-STORY 67-FEET IN HEIGHT, 16,373 SF APARTMENT BUILDING. 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 entitlement path, strong rental demand drivers, and conceptual plans available for investor review. This is a compelling opportunity for developers and investors seeking to place capital in one of Los Angeles' strongest rental growth markets, with the framework in place to...

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Home facts

  • Listing ID #:25589527
  • Added:284 day(s) ago
  • Updated:June 21, 2026 at 10:47 AM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,199,000
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