711 S Gramercy Place

Description

A K-town residence with opportunity for homeowners and developers alike. This home offers approximately 2,130 square feet of living space, featuring 5 bedrooms and 4 bathrooms. The property includes versatile spaces for guests or potential rental opportunities. The 5,163-square-foot lot is zoned LAR3, allowing for multi-family residential development, and according to the ZIMAS website, the property is ED1 Eligible. This zoning offers potential for future expansion or redevelopment, subject to city planning regulations. While this home needs some TLC, its location in the vibrant and highly walkable Koreatown neighborhood places it in the heart of Los Angeles, with convenient access to neighboring communities and cultural hotspots. Whether you're staying close to home or exploring the city, this property combines development potential with an unbeatable central location.

Listing information courtesy of: Lyonel Katz, Lux Realty 888-664-6561. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.