749 GRAMERCY Drive

$4,230,000

Studio  –  33,090 Sqft  –  $128 / Sqft  – 

 

Description:

BUY AND BUILD!** 743-749 Gramercy Dr, LA 90005. RARE development
opportunity in the PRIME KOREATOWN submarket of Los Angeles,
delivered 100% VACANT 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).
The manager has listed the unit size as 33090 square feet.

Features & Amenities:

None   –   Garage

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Gramercy Drive 749
Los Angeles, CA, USA 90005 CA US
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