Entitled Multifamily Development
For Sale
$1,199,000
933 S Gramercy Pl, Los Angeles, CA 90019
Vacant LAR3 lot with TOC Tier 3 incentives and previously approved plans for a 17-unit, six-story apartment building.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market336
Property Features for 933 S Gramercy Pl
General Information
Standard status
Active
Lot size
0.17 Acres
Property subtype
LAND
Zoning
LAR3
Building Details
Stories
6
Listing Agency:
Rodeo Realty
(310) 499-3579
Listed By:
Matthew Paul · License #01394372
Source:
Milsteinestates
Added: Sep 8, 2025
Changed: Aug 8
Last Checked: Jul 20 at 1:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rodeo Realty
Investment Insights
Based on property information with market context.
This is a vacant development parcel zoned LAR3. The site is 7,506 square feet and includes TOC Tier 3 incentives, which support a density bonus above base zoning while allowing reduced parking and setback requirements. The property also has previously approved plans for the construction of a new 17-unit, six-story apartment building with a height up to 67 feet and approximately 16,373 square feet of apartment space.
Located at 933 S Gramercy Pl in Los Angeles’ Mid-City/Koreatown corridor, the offering is presented with conceptual plans available for investor review. The current entitlement framework centers on transit-oriented incentives and is structured to reduce hard costs associated with subterranean parking.
Located at 933 S Gramercy Pl in Los Angeles’ Mid-City/Koreatown corridor, the offering is presented with conceptual plans available for investor review. The current entitlement framework centers on transit-oriented incentives and is structured to reduce hard costs associated with subterranean parking.
Key Highlights
- Vacant 7,506 SF lot at 933 S Gramercy Pl in Los Angeles’ Mid‑City/Koreatown corridor
- Zoned LAR3 and eligible for TOC Tier 3 incentives, including density bonus plus reduced parking and setback requirements
- Previously approved plans for a new 17‑unit, six‑story, 67‑ft‑tall apartment building
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant LAR3 lot with TOC Tier 3 incentives and previously approved plans for a 17-unit, six-story apartment building.
Where is this residential land & home lot located?
The property is located at 933 S Gramercy Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Vacant 7,506 SF lot at 933 S Gramercy Pl in Los Angeles’ Mid‑City/Koreatown corridor; Zoned LAR3 and eligible for TOC Tier 3 incentives, including density bonus plus reduced parking and setback requirements; Previously approved plans for a new 17‑unit, six‑story, 67‑ft‑tall apartment building
