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    749 Gramercy Dr

    Los Angeles, CA 90005
    • $4,100,000
    • STATUS: Active
    • ON SITE: 171 days
    • ID#: 20-543436
    Price Reduced
    UPDATED: 34 min ago
    $4,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 33,090
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    PRICE REDUCED - 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 SEPTEMBER 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. Washer/Dryer and balconies. 5 units Affordable.(**NOTE** RTI does not include building permits

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-03T18:42:32.477. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/102268111
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    749 Gramercy Dr Los Angeles, CA 90005

    • Price: $4,100,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 20-543436
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    33,090
    SQFT
    $124
    $/SQFT
    2020
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    PRICE REDUCED - 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 SEPTEMBER 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. Washer/Dryer and balconies. 5 units Affordable.(**NOTE** RTI does not include building permits
    Exterior Features

    Lot Size Area 13108 Other Structures None Parking Garage Garage Total Parking 23

    Interior Features

    Baths Total 0.00 Cooling None Equipment None Heating None

    Property Features

    Gross Income 1411800 Gross Operating Income 1411800 Like Units1 23 Like Units2 24 Net Operating Income 1011800.00 Number Of Buildings 1 Number Of Units 47 Sale Type Standard Source Living Area Plans Source Lot Size Area Assessor Total Annual Expense 400000 Type Of Units Apartments Year Built Source Builder Zoning Lar4

    Listing provided courtesy of Tannaz Kamran-Rahbar DRE#00951232 of Keller Williams Rlty Brentwood.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-03T18:42:32.477. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355