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$1,450,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26023545
Lot Size 0.283 Acres
Property Sub-Type Lots/Land
Property Description
Rare opportunity to acquire a fully entitled, shovel-ready RTI development site for a 3 story, 38-unit multifamily project in Los Angeles Southwest / South Los Angeles. This 100% affordable housing project is approved for approximately 20,500 SF of building area on a 12,323 SF lot, allowing a buyer to immediately commence construction and avoid years of entitlement risk and delays. The project qualifies under Transit Oriented Communities (TOC) Tier 1, with Tier 2 incentives applicable for 100% Affordable Housing, offering substantial density and development advantages. This is an ideal opportunity for affordable housing developers, mission-driven investors, and operators seeking a permit ready project in a high demand urban infill location. Strong fundamentals include proximity to public transportation, major employment centers, and essential neighborhood services, supporting long-term housing demand. With approvals in place and RTI status secured, this offering represents a turn-key development opportunity in one of Los Angeles most supply-constrained housing markets. RTI approval in hand. Projects of this size, scale, and readiness are extremely rare.
Location
State CA
County Los Angeles
Direction 10E to 110S Exit Florence Ave.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 6031024012
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Deborah Moussighi, DRE#01487871 Keller Williams Luxury
Nearby Locations
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