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ActivePrice Reduced 71 days on market

118 W 87th Place

Los Angeles, CA 90003

$649,888

$698,888

118 W 87th Place
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+7 more
Beds
0Baths
Sq Ft
0.12Acres

About This Home

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.

Property Details

Property TypeLand
Lot Size0.12 acres
Bathrooms0 full
Parking Total0
PoolNo
MLS #1154237571
Days on Market71 days

Location

Listed by

Hooman Morvarid

Compass

MLS# CLW-C145518

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Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.

118 W 87th Place | Los Angeles, CA | Leeper Realty Group