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$1,726,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25049390
HOA Y/N No
Lot Size 9,753 Sqft
Property Description
Fully RTI 38-Unit Affordable Housing Development Opportunity – South LA
A prime investment opportunity in the heart of South Los Angeles! This fully RTI (Ready-To-Issue) permitted 38-unit, 100% affordable housing project sits on a 9,754 SF corner lot with alley access.
Key Highlights:
Shovel-ready – Site already demolished for immediate development
NO RSO & NO replacement unit requirements
Slab on grade construction – No parking required
LAHD Schedules 1 & 6 rents allow for higher one-bedroom rental rates
No retail component – 100% residential focus
Located in a high-demand rental market, this project is designed to maximize affordability while ensuring strong, sustainable returns. Don't miss this rare, turn-key development opportunity!
A prime investment opportunity in the heart of South Los Angeles! This fully RTI (Ready-To-Issue) permitted 38-unit, 100% affordable housing project sits on a 9,754 SF corner lot with alley access.
Key Highlights:
Shovel-ready – Site already demolished for immediate development
NO RSO & NO replacement unit requirements
Slab on grade construction – No parking required
LAHD Schedules 1 & 6 rents allow for higher one-bedroom rental rates
No retail component – 100% residential focus
Located in a high-demand rental market, this project is designed to maximize affordability while ensuring strong, sustainable returns. Don't miss this rare, turn-key development opportunity!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Biking
View Y/N Yes
View Neighborhood
Building
Lot Description 36-40 Units/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 6063020031
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Deborah Moussighi • Keller Williams Luxury • 818-585-2758