2700 W 7th St - 55 Units RTI: Qualified Opportunity Zone 0.15 Acres of Residential Land in Los Angeles, CA 90057

Coldwell Banker Commercial is pleased to exclusively present 2700–2712 W. 7th Street, a premier Ready-to-Issue ("RTI") multifamily development opportunity strategically located on the edge of Koreatown, one of Los Angeles' most dynamic and supply-constrained multifamily investment markets.
Unlike traditional development sites requiring years of entitlement work, the Property is fully entitled and RTI for the immediate construction of a 55-unit mixed-use apartment community consisting of 55 residential units, (expiring end of August 26) approximately 1,780 square feet of ground-floor commercial space, and 50 parking spaces on an approximately 12,750-square-foot corner parcel. The approved development contains approximately 43,661 square feet of net rentable area with rooftop amenities and a resident fitness center.
Ownership has completed the extensive planning, architectural, engineering, and entitlement process, positioning a purchaser to move directly toward construction while avoiding years of entitlement risk and carrying costs.
In addition to the approved RTI project, the architect of record has prepared supplemental density studies indicating the potential for 66+ residential units, providing purchasers the opportunity to evaluate enhanced project economics under current City of Los Angeles housing regulations. Buyer to independently verify all development assumptions.
The Property consists of an approximately 12,750 SF corner development site (recently merged into a single APN 5141-012-015) located at the signalized intersection of W. 7th Street and Rampart Boulevard in the Koreatown/Westlake market. The site benefits from approximately 150 feet of frontage along W. 7th Street, providing exceptional visibility and access.
The site is currently improved with two single-story commercial buildings totaling approximately 9,453 square feet, constructed in the early 1920s. The improvements occupy nearly the full street frontage and are scheduled for demolition upon commencement of construction.
Current zoning is C2-2, allowing a wide range of commercial and mixed-use development opportunities. The property also lies within a Qualified Opportunity Zone and is identified within the City's Housing Element ministerial housing program area, further enhancing redevelopment potential
RTI-approved 55-unit mixed-use apartment development
Permits ready to issue with immediate path toward construction
Documented density upside to 66+ units based on supplemental architectural studies
±12,750 SF corner development site
±43,661 SF net rentable area
50 parking spaces
Ground-floor commercial component (±1,780 SF)
Enhanced income potential through HACLA Housing Choice Voucher program
Located in the Koreatown investment market, one of Southern California's strongest multifamily rental submarkets
The Property is currently Ready-to-Issue (RTI) for construction of a 55-unit mixed-use apartment development. The Seller has completed the entitlement and plan check process, resulting in permits that are ready for issuance.
According to the Seller, the current permits are scheduled to expire at the end of August 2026 unless construction is commenced or the permits are otherwise extended in accordance with applicable City procedures.
Broker will provide the complete due diligence package to qualified purchasers. Buyers are encouraged to independently verify permit status, expiration dates, extension rights, vesting requirements, and any procedures available to preserve the existing approvals.