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
Source California Regional MLS
Property Description
Incredible opportunity to build a fully RTI-approved 39-unit affordable housing project in the heart of Pico-Union. Located on a 7,406 SF R3-zoned lot with Tier 8 TOC designation-offering the HIGHEST LEVEL of CITY INCENTIVES. Approved plans include 30 one-bedroom units and 9 studios, totaling approx. 16,157 SF of rentable space and 19,008 SF total building area. Projected monthly income is approx. $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This is a rare, shovel-ready opportunity for investors seeking strong returns, premium incentives, and long-term stability in one of LA's most transit-connected and high-demand rental submarkets. Close to DTLA, USC, Koreatown, public transportation, and major freeway
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning PRKG
Exterior
View None
Building
Water District - Public
Others
Tax ID 5135028007
Special Listing Condition Not Applicable