10
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Listed by Rana Khanjani • Sync Brokerage
$2,340,000
Est. payment /mo
6,258 Sqft Lot
Active
907 W 17th ST Los Angeles, CA 90015
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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
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