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Investment Highlights

  • RTI SB8 CLEARED | PERMITS PAID | SHOVEL READY
  • Approved 4-unit project designed for high-income potential and efficient layout.
  • Central location near Koreatown, Downtown LA, USC, and major freeways (I-10 & I-110).
  • Fully approved project with ~$70,000 in paid permits—no entitlement risk and ready to build immediately.
  • 6,288 SF LOT | RD1.5 Zoning
  • Strong Rental Demands & Upside

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.

Data Room Click Here to Access

Property Facts

Price $1,651,968 CAD
Price Per Unit $550,656 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

Property Taxes

Property Taxes

Parcel Number
5075-004-019
Land Assessment
$511,812 CAD
Improvements Assessment
$767,720 CAD
Total Assessment
$1,279,532 CAD
  • 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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