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SHOVEL-READY RTI DEVELOPMENT OPPORTUNITY IN PRIME MID-CITY! A rare opportunity for a developer or investor to step into 2214 S Spaulding Ave with the heavy lifting already completed. Offered with approved RTI plans for a thoughtfully designed 4 UNIT development consisting of a front duplex and two detached ADUs, creating a total of 12 bedrooms and 10 bathrooms across approximately 4,845 SF of proposed living area. With plans approved and Ready-to-Issue, the next developer can bypass the lengthy design and plan-check process and move directly toward pulling permits and beginning construction. The approved project features two spacious 3-bedroom, 3-bath residences in the front duplex, complemented by two detached 3-bedroom, 2-bath ADUs, all designed with contemporary architecture and highly functional layouts. The combination of four family-sized units provides multiple potential exit strategies, whether the goal is to build and hold as an income-producing asset or develop for resale. Located in one of Central Los Angeles’ most desirable infill corridors, the property sits in Mid-City near the Culver City/Westside corridor, with convenient access to Culver City, West Adams, Beverly Hills, USC/Exposition Park, Downtown Los Angeles, and the 10 Freeway. Skip the year of planning and entitlement work and take over a project positioned for construction. Plans and additional development information available upon request.
Listing agent: Cesar Vasquez DRE #01936389 cesar@kasere.com, Listing office: Kase Real Estate
MLS data updated 10/16/2026, 8:06:29 PM PT
Source: CRMLS, MLS #: PW26211533
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 25, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,150,000Original asking price · Sep 25, 2026ZIP 90016 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.