907 W 17th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90015
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25094654
Lot Size 6,258 Sqft
Property Sub-Type Other Residential Land
Property Description
ime Pico-Union RTI Development - 39 Units | 100% Affordable Housing | TOC Tier 8. Incredible opportunity to develop a fully RTI-approved 39-unit affordable housing project in the heart of Pico-Union-one of LA's most vibrant, high-demand rental markets. This 7,406 SF R3-zoned lot has been upgraded to TOC Tier 8, maximizing entitlements and HACLA rents. Approved for 30 one-bedroom units and 9 studios, the project includes approx. 16,157 SF of rentable space and 19,008 SF of gross building area. Projected monthly income: $104,832 (based on HACLA Section 8 rents). Offered at $60,000 per unit - Asking Price: $2,340,000. Surrounded by major employment hubs (DTLA, USC, Koreatown), public transit, and freeway access. This Tier 8 RTI project is a golden opportunity for developers and impact-driven investors seeking immediate value, strong cash flow, and premium incentives in one of LA's most underbuilt and transit-rich communities.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning PRKG
Exterior
View None
Building
Water District - Public
Others
Special Listing Condition Not Applicable