Entitled Multifamily Development
For Sale
$1,199,000
933 S Gramercy Pl, Los Angeles, CA 90019
Vacant land parcel zoned LAR3 with previously approved plans for a 17-unit, 6-story multifamily building.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market414
Property Features for 933 S Gramercy Pl
General Information
Standard status
Active
Lot size
0.17 Acres
Property subtype
LAND
Zoning
LAR3
Site & Location
Neighborhood
Koreatown
Listing Agency:
Rodeo Realty
Listed By:
Matthew Paul · License #01394372
(310) 499-3579
Source:
Rochellemaize
Added: Sep 8, 2025
Changed: Oct 25
Last Checked: Jul 26 at 7:30AM
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
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Investment Insights
Based on property information with market context.
933 S Gramercy Pl presents a vacant land parcel positioned for ground-up multifamily development. The site is zoned LAR3 and includes previously approved plans for the construction of a new 17-unit, 6-story apartment building, with approvals reflected in the plan set described with the offering.
The property listing notes TOC Tier 3 incentives, which may allow for a density bonus above base zoning while reducing parking and setback requirements. Conceptual plans are also described as available for investor review.
With an entitlement path in place, the approved development program contemplates a 6-story building with a height of 67 feet and an apartment building size of 16,373 SF, as stated in the previously approved plans.
The property listing notes TOC Tier 3 incentives, which may allow for a density bonus above base zoning while reducing parking and setback requirements. Conceptual plans are also described as available for investor review.
With an entitlement path in place, the approved development program contemplates a 6-story building with a height of 67 feet and an apartment building size of 16,373 SF, as stated in the previously approved plans.
Key Highlights
- Vacant 7,506 SF lot at 933 S Gramercy Pl in Los Angeles’ Mid‑City/Koreatown corridor
- Zoned LAR3 with TOC Tier 3 incentives for a density bonus above base zoning and reduced parking/setback requirements
- Previously approved plans for a new 17‑unit, 6‑story multifamily building up to 67 ft in height
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Location Intelligence
Trade Area within ½ mile
6,198
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant land parcel zoned LAR3 with previously approved plans for a 17-unit, 6-story multifamily 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 with TOC Tier 3 incentives for a density bonus above base zoning and reduced parking/setback requirements; Previously approved plans for a new 17‑unit, 6‑story multifamily building up to 67 ft in height
