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632 E Washington Blvd 0.22 Acres of Commercial Land Offered at $4,293,221 CAD in Los Angeles, CA 90015
INVESTMENT HIGHLIGHTS
- Streamlined project timeline with RTI status
- Located in HACLA Tier 8 zone, offering strong voucher-backed rent support
- Proven support for affordable housing initiatives from the City of Los Angeles
- Fully entitled affordable housing—ideal for LIHTC or other public-private funding programs
- Strong rental demand and continued growth in the immediate area
EXECUTIVE SUMMARY
• Total Units: 71
• Stories: 5
• Land Area: ±9,626 SF
• Current Use: Auto body shop (to be delivered vacant and demolished)
• Zoning: Entitled for affordable housing use
• Delivery: Vacant, RTI permits in hand
Located in the 90015 zip code, this property qualifies under Tier 8 of HACLA’s voucher payment standards, offering a strong rent floor and enhancing the financial feasibility of affordable housing operations in this location.
PROPERTY FACTS
| Price | $4,293,221 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.22 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | LAM1 | ||
| Price | $4,293,221 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.22 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | LAM1 |
1 LOT AVAILABLE
Lot
| Price | $4,293,221 CAD | Lot Size | 0.22 AC |
| Price Per AC | $19,427,833.64 CAD |
| Price | $4,293,221 CAD |
| Price Per AC | $19,427,833.64 CAD |
| Lot Size | 0.22 AC |
RTI + Entitled 71-Unit Affordable Housing Development Site
DESCRIPTION
Situated just minutes from Downtown Los Angeles and the Fashion District, 632 E Washington Blvd benefits from excellent connectivity and urban infrastructure. The site offers close proximity to major transit corridors, including the 10 and 110 Freeways, and is within walking distance of public transportation, retail amenities, schools, and employment hubs. The area has seen a wave of new development, with several multifamily and mixed-use projects recently completed along Washington Blvd and more currently under construction or in the pipeline. This ongoing transformation is helping to elevate the neighborhood’s profile and attract additional public and private investment, making it an ideal location for affordable housing development.
PROPERTY TAXES
| Parcel Number | 5127-004-032 | Improvements Assessment | $532,230 CAD |
| Land Assessment | $1,228,236 CAD | Total Assessment | $1,760,466 CAD |
PROPERTY TAXES
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632 E Washington Blvd
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