# 933 S Gramercy Pl, Los Angeles, CA 90019

> **TL;DR:** land, $1,199,000. Est. $5,196/mo. Listed 214 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,199,000 |
| Lot Size | 7,514 sqft (0.17 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 214 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,196 |
| **Total** | **$5,196** |

## Property Highlights

- 0.17 acre lot

## Description

### Agent 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 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 deliver a high-performing multifamily asset and generate substantial long-term returns. BRING ALL OFFERS!

## Location

- **Address:** 933 S Gramercy Pl, Los Angeles, CA 90019
- **County:** Los Angeles
- **Coordinates:** 34.054811, -118.313509
- **Google Maps:** https://www.google.com/maps?q=34.054811,-118.313509

## Listing Agent

- **Name:** Matthew Paul
- **Brokerage:** Rodeo Realty
- **Phone:** 3104993579
- **Email:** MatthewTPaul@gmail.com

## Primary Photo

![933 S Gramercy Pl - Primary Photo](http://lh.rdcpix.com/d35d5fc327f6df7a02023a1af4f4413al-f3264105951r.jpg)

*5 total photos available on [listing page](https://www.propertysimple.com/listing/933-s-gramercy-pl-los-angeles-ca-90019-25589527)*

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**MLS#:** 25589527 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/933-s-gramercy-pl-los-angeles-ca-90019-25589527)

---

## Structured Data

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