427 S Gramercy Pl 5,814 SF Health Care Building Offered at $1,299,000 in Los Angeles, CA 90020

Lender Owned Property!!! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property (PHOTOS ARE NOT CURRENT-Previous photo before Fire Damage) offers tremendous potential for restoration, conversion, or new construction. The existing structure features 13 rooms and 5 bathrooms, totaling approximately 5,814 sq/ft., situated on a 7,996 sq. ft. lot with wood-frame construction. Zoned R4, the site supports high-density residential or mixed-use developmental opportunity rarely available in this prime area of Los Angeles. Enjoy excellent walkability (Walk Score 94) near Wilshire Blvd, shopping, dining, and public transit. Located within prestigious 3rd Street Elementary School District, adding long-term value and desirability. All information regarding the property is not guaranteed by Seller or Brokers. Buyer must conduct a full independent investigation of all permits, zoning, square footage, property condition, and all matters related thereto prior to purchase. Offer subject to interior inspection. PEAD form (see DOCS section) must be completed and submitted. PLEASE DO NOT ENTER THE SITE, DRIVE BY ONLY.
Seller may consider providing private financing to qualified buyers.
** Property is vacant and sold "As-Is" in current fire-damaged condition. Structure is boarded-up access by appointment only and at buyer's own risk. Seller and broker make no representations or warranties regarding the condition, permits, or accuracy of any information. Buyer is advised to conduct a full independent investigation of all aspects of the property, including but not limited to zoning, square footage, and intended use. Offer subject to interior inspection. Please contact co-listing JULIE LEE @ 213-718-3333 or email juliehklee@gmail.com