933 South Gramercy Place, an unrivaled investment opportunity in the heart of Los Angeles. This VACANT lot is your canvas for a visionary project, boasting fully approved Ready to Issue (RTI) plans for an exquisite development of 17 units. The time to break ground is now, ensuring a swift and seamless path to realizing your real estate aspirations. Among the 17 planned units, two cater to low-income housing requirements, showcasing our dedication to inclusive living spaces. This distinctive blend sets the stage for a project that not only promises impressive returns but also contributes positively to the fabric of the neighborhood.Projected to achieve an impressive After-Repair Value (ARV) of $7 to $8 million, 933 South Gramercy Place presents a golden opportunity for substantial returns on your investment. This prime location, coupled with meticulously designed plans, positions your development to stand out in the market and command a premium valuation.Designated under TOC Tier 3, this property benefits from Transit Oriented Communities incentives, unlocking a world of possibilities for optimizing your investment. Los Angeles' vision for sustainable urban growth aligns seamlessly with the potential of 933 South Gramercy Place.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $1,499,999 | KW Advisors | ||
Listed For Sale | $1,499,999 | KW Advisors |
Elementary School Wilton Place Elementary | 0.3 miles away | KG - 05 | |
Elementary School Wilshire Park Elementary | 0.4 miles away | KG - 05 | |
Middle School Synergy Kinetic Academy | 0.5 miles away | 06 - 08 |