118 W 87th Pl, Los Angeles, CA 90003
- $649,888
- List Price
- $649,888
- Price Change
- ▼ $49,000 1778642835
- MLS#
- 26658415
- Lot Size
- 5,362
- Lot Location
- Alley Access
- Days on Market
- 149
- Property Type
- Land
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.
Additional Information
- Lot Description
- Fenced, Redevelopment Area, Single Lot
- View
- None
- Water
- In Street
Mortgage Calculator
Courtesy of Compass, Hooman Morvarid - CA DRE#02192053
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