933 S Gramercy Place, Los Angeles, CA 90019

Local realty services provided by:ERA Excel Realty
933 S Gramercy Place,Los Angeles, CA 90019
$1,395,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by:matthew paul
Office:rodeo realty
MLS#:25589527
Source:CRMLS

Price summary

  • Price:$1,395,000

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 2 incentives, allowing for a density bonus above the base zoning while reducing parking and setback requirements. By-right zoning supports approximately 9 units, with TOC Tier 2 bonuses expanding the development potential to 14/15 units. 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. Revenue projections support a solid yield-on-cost spread relative to estimated construction costs. 933 South

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Home facts

  • Listing ID #:25589527
  • Added:6 day(s) ago
  • Updated:September 16, 2025 at 08:25 PM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,395,000
Based on information from California Regional Multiple Listing Service, Inc. as of September 16, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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