933 S Gramercy Place, Los Angeles, CA 90019

• 7,513 sqft

Property Description

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 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 deliver a high-performing multifam

Listing Status:

Active

Date Added:

September 8, 2025 at 05:00AM

Listing Office:

Rodeo Realty : 310-724-7100

Listing Agent:

Matthew Paul : 310-499-3579

MLS ID:

CL25589527

Location

• County: Los Angeles

Lot

• Zoning: LAR35092022004

This listing courtesy of Matthew Paul, Rodeo Realty