11
See all 11 photos
$649,888
Est. payment /mo
5,362 Sqft Lot
Price Dropped by $49K
118 W 87th PL Los Angeles, CA 90003
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Tr 337
MLS Listing ID 26658415
HOA Y/N No
Lot Size 5,362 Sqft
Property Description
RTI Affordable Development Site, 11-unit ED1 TOC Tier 3, priced to move. The existing triplex has been demolished. Permit-ready affordable housing development opportunity with an issued grading permit and a building permit application that is Ready to Issue (RTI). Proposed 3-story apartment project, positioned for a buyer seeking a fast path to start work without going back through full entitlement. Attached documents include LADBS grading permit and receipt, soils report, and City soils approval letter, LADBS building permit status showing Ready to Issue, approved plan set, and recorded affordable housing covenant running with the land. Buyer to review the covenant and verify all requirements.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Lot Description Flat
Sewer Other
New Construction No
Others
Senior Community No
Tax ID 6040021018
Financing Cash
Special Listing Condition Standard
Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/118-87th-Pl/LND/26658415
Listed by Hooman Morvarid Compass #02192053
NEARBY SCHOOL & BUSINESS
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