MarketPier

743 GRAMERCY Drive - Los Angeles, CA 90005

$4,230,000
Listing Description

BUY AND BUILD!** 743-749 Gramercy Dr, LA 90005. RARE development opportunity in the PRIME KOREATOWN submarket of Los Angeles, delivered 100% un-occupied and fully RTI for 47 units by approximately April 2020. CORNER DOUBLE LOT with 13,108 SQFT zoned R4-1 and TOC TIER 3. Submitted design calls for a 47 Unit luxury apartment building located within immediate walking distance of major amenities in the main Koreatown business center 0.5 miles from the subject. Also located within 0.4 miles (10 min walking distance) of the main METRO station at Wilshire and Western with immediate access to Downtown Los Angeles. The sales packet includes fully stamped and approved Architectural, Structural, landscape, LID and shoring plans, plus approved Soil Report, Survey, and all other pertinent docs and plans as required by the City of Los Angeles LADBS for an RTI approval. WALK SCORE 91. All units with Washer/Dryer and balconies. 5 units Affordable. (**NOTE** RTI does not include building permits).

Listing Information
MLS Number
20543414
APN/Parcel ID
5092028020
Type
Land
Sub Type
Land
Listing Date
1/13/2020
Days Active
2
Last Updated
1/16/2020
Listing Provided By
Tannaz Kamran-Rahbar
Keller Williams Rlty Brentwood
BRE# 00951232

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