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!
Lot/land
$1,199,000
933 S Gramercy Pl, Los Angeles, CA 90019
--beds
--baths
7,514Square Feet
Unimproved Land
Built in ----
7,514 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Strategically positionedClean land play
- 130 days |
- 52 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Paul DRE # 01394372 310-499-3579,
Rodeo Realty 310-724-7100
Source: CLAW,MLS#: 25589527
Facts & features
Property
Features
- Has view: Yes
- View description: Other
Lot
- Size: 7,514 Square Feet
Details
- Parcel number: 5092022004
- Zoning: LAR3
- Special conditions: Standard
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $1,581,579
- Annual tax amount: $19,329
- Date on market: 3/16/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,929/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Listed for sale | $1,199,000-7.4% |
Source:  CLAW #25589527 Report a problem | ||
| 3/8/2026 | Listing removed | $1,295,000 |
Source: CLAW #25589527 Report a problem | ||
| 11/4/2025 | Price change | $1,295,000-7.2% |
Source: CLAW #25589527 Report a problem | ||
| 9/10/2025 | Listed for sale | $1,395,000-7% |
Source: CLAW #25589527 Report a problem | ||
| 4/19/2024 | Listing removed | -- |
Source: CLAW #24-344207 Report a problem | ||
| 1/8/2024 | Listed for sale | $1,499,999 |
Source: CLAW #24-344207 Report a problem | ||
| 1/5/2024 | Listing removed | -- |
Source: CLAW #23-315965 Report a problem | ||
| 10/30/2023 | Price change | $1,499,999-11.8% |
Source: CLAW #23-315965 Report a problem | ||
| 9/28/2023 | Listed for sale | $1,699,999+22.3% |
Source: CLAW #23-315965 Report a problem | ||
| 11/29/2017 | Sold | $1,390,000-7.3% |
Source:  CLAW #17249092 Report a problem | ||
| 10/11/2017 | Pending sale | $1,500,000 |
Source: BHHS California Properties #17-249092 Report a problem | ||
| 9/8/2017 | Price change | $1,500,000-11.7% |
Source: BHHS California Properties #17-249092 Report a problem | ||
| 7/28/2017 | Price change | $1,699,000-10.5% |
Source: BHHS California Properties #17-249092 Report a problem | ||
| 7/7/2017 | Listed for sale | $1,899,000+18.8% |
Source: Berkshire Hathaway HomeServices California Propert #17249092 Report a problem | ||
| 3/2/2017 | Listing removed | $1,599,000 |
Source: Berkshire Hathaway HomeService #15956939 Report a problem | ||
| 9/11/2016 | Price change | $1,599,000+24% |
Source: Berkshire Hathaway HomeService #15956939 Report a problem | ||
| 8/31/2016 | Price change | $1,290,000-7.9% |
Source: Berkshire Hathaway HomeService #15956939 Report a problem | ||
| 4/6/2016 | Price change | $1,400,000-6.7% |
Source: BHHS California Properties #15-956939 Report a problem | ||
| 1/20/2016 | Price change | $1,500,000-16.6% |
Source: BHHS California Properties #15-956939 Report a problem | ||
| 11/6/2015 | Listed for sale | $1,799,000-5.3% |
Source: Berkshire Hathaway HomeServices California Properties #15956939 Report a problem | ||
| 9/16/2015 | Listing removed | $1,899,000 |
Source: Keller Williams - Calabasas #SR15029346 Report a problem | ||
| 5/21/2015 | Listed for sale | $1,899,000 |
Source: Keller Williams Realty Calaba #SR15029346 Report a problem | ||
| 4/2/2015 | Listing removed | $1,899,000 |
Source: Keller Williams Realty Calabasas #SR15029346 Report a problem | ||
| 2/14/2015 | Price change | $1,899,000-5.1% |
Source: Keller Williams Realty Calabasas #SR15029346 Report a problem | ||
| 11/9/2014 | Listed for sale | $2,000,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,329 +1.2% | $1,581,579 +2% |
| 2024 | $19,100 +2% | $1,550,568 +2% |
| 2023 | $18,735 +4.8% | $1,520,166 +2% |
| 2022 | $17,871 +1.2% | $1,490,359 +2% |
| 2021 | $17,653 -1% | $1,461,137 +1% |
| 2020 | $17,835 | $1,446,156 +2% |
| 2019 | $17,835 +5.1% | $1,417,800 +2% |
| 2018 | $16,962 | $1,390,000 +2102.7% |
| 2017 | $16,962 +1756.6% | $63,105 +2% |
| 2016 | $914 +5.3% | $61,869 +1.5% |
| 2015 | $867 -1.7% | $60,940 +2% |
| 2014 | $882 | $59,747 +5.3% |
| 2010 | -- | $56,745 -0.2% |
| 2009 | -- | $56,881 +2% |
| 2008 | -- | $55,766 +2% |
| 2007 | -- | $54,673 +2% |
| 2006 | -- | $53,602 |
| 2005 | -- | $53,602 +4% |
| 2004 | -- | $51,523 +1.9% |
| 2003 | -- | $50,579 +6.1% |
| 2000 | -- | $47,665 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Koreatown
Nearby schools
GreatSchools rating
- 5/10Wilton Place Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10John Burroughs Middle SchoolGrades: 6-8Distance: 1.5 mi
- 4/10Los Angeles Senior High SchoolGrades: 9-12Distance: 1.1 mi
- $---- bd1 ba400 sqft939 S Gramercy Pl #105, Los Angeles, CA 90019Off Market
- $--1 bd1 ba-- sqft939 S Gramercy Pl #776F18CCB, Los Angeles, CA 90019Off Market
- $--2 bd2 ba-- sqft939 S Gramercy Pl #F320A52C6, Los Angeles, CA 90019Off Market
- $---- bd1 ba400 sqft939 S Gramercy Pl #408, Los Angeles, CA 90019Off Market
- $--2 bd1 ba-- sqft939 S Gramercy Pl #2930, Los Angeles, CA 90019For Rent
- $---- bd1 ba-- sqft939 S Gramercy Pl #2928, Los Angeles, CA 90019For Rent
- $--1 bd1 ba-- sqft939 S Gramercy Pl #2929, Los Angeles, CA 90019For Rent
- $---- bd1 ba-- sqft939 S Gramercy Pl #2927, Los Angeles, CA 90019For Rent
A local agent can set up tours, give advice and negotiate with sellers.
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