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132 E 119th St - RTI Opportunity - 132 119th St, Los Angeles 0.13 Acres of Commercial Land Offered at $1,086,805 CAD in Los Angeles, CA 90061
Investment Highlights
- Approved plans for a 4-unit, 3-story apartment building (permit renewal required)
- 5,602 SF corner lot | LAR3 zoning | 40' x 140'
- Corner lot provides superior access and visibility
- Unit mix: (2) 2-bedroom + (2) 3-bedroom -~7,750 SF of buildable area
- Bare land — no demo, no relocation, no tenant issues
- South LA infill location near the 105 & 110 freeway interchange
Executive Summary
* Approved architectural plans included
* Major entitlement work already completed
* Renew permit and break ground quickly
* Avoid 12–18 months of entitlement delays
* Efficient mix of 2- and 3-bedroom units
* Designed for strong rental demand
* Ideal for builders and developers seeking a faster path to construction
Property Facts
| Price | $1,086,805 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Zoning | LAR3 | ||
| Price | $1,086,805 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.13 AC |
| Zoning | LAR3 |
1 Lot Available
Lot 1
| Price | $1,086,805 CAD | Lot Size | 0.13 AC |
| Price Per AC | $8,450,786.25 CAD |
| Price | $1,086,805 CAD |
| Price Per AC | $8,450,786.25 CAD |
| Lot Size | 0.13 AC |
Rare opportunity to acquire a shovel-ready South Los Angeles development site with approved architectural plans. Renew the permit and break ground without the typical 12–18 month entitlement process. Approved 2- and 3-bedroom unit mix.
Description
A rare chance to acquire a shovel-ready development site in South Los Angeles with architectural plans in hand. The heavy lifting on entitlements is done — a builder can step in, renew the permit, and break ground without the typical 12–18 month entitlement delay. The approved design maximizes the lot with a thoughtful mix of 2- and 3-bedroom units well-suited for the local rental market.
Property Taxes
| Parcel Number | 6083-026-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $605,940 CAD | Total Assessment | $605,940 CAD |
Property Taxes
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132 E 119th St - RTI Opportunity - 132 119th St, Los Angeles
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