118 W 87th Place, Los Angeles, CA 90003
List Price: $650K
Listing Status: Active
Original List Price: $699K
0Days on Market: 71
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 5,362 sq ft
MLS Number: 26658415
About This Property
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.
Listing provided by: Hooman Morvarid DRE #02192053 818-783-7721 HM@HoomanRealEstate.com, Compass
Source: CRMLS, MLS #: 26658415
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.