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Investment Highlights

  • Fully entitled with RTI plans and approximately $70,000 in paid permits for immediate construction.
  • Delivered vacant, eliminating relocation or demolition delays.
  • Approved design includes four large units with private garages and en-suite bathrooms.

Executive Summary

RTI SB8 CLEARED | PERMITS PAID | SHOVEL READY | DELIVERED VACANT
Great value-add and development opportunity in the Pico-Union / Koreatown corridor. Existing vacant triplex (3 units) built in 1905, situated on a 6,288 SF lot (0.14 AC) with approximately 3,454 SF across 3 floors. Comes with fully approved RTI plans and approximately $70,000 in paid permits—no entitlement risk and ready to build immediately. Approved plans include a 4-unit project totaling approximately 15,703 rentable SF, featuring (2) 5-bed + office / 5-bath units and (2) 4-bed / 5-bath units. Each unit is designed with en-suite bathrooms and private 2-car garages, ideal for co-living or high-demand rental use. Prime central location near Koreatown, Downtown LA, USC, and major freeways (I-10 & I-110). Excellent opportunity for developers or investors looking to build and hold or sell. Renderings may not reflect final plans. Buyer to verify all information.

Property Facts

Price $1,662,591 CAD
Price Per Unit $554,197 CAD
Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.14 AC
Building Size 3,454 SF
Average Occupancy 0%
No. Stories 3
Year Built 1905
Zoning LARD1.5
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
  • Listing ID: 40062067

  • Date on Market: 2026-04-07

  • Last Updated:

  • Address: 1511 S New Hampshire Ave, Los Angeles, CA 90006

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