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120 W 87th Pl - 118 W 87th Place, LA Lot • Résidentiel • 0,12 Acres • 950 138 $ CAD • Los Angeles, CA 90003
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Faits saillants de l'investissement
- RTI Permits for 11 Units: Building permits are Ready to Issue; Grading permit is already issued.
- Shovel-Ready / Cleared Lot: Site is level, fenced, and previous structure demolished—start work immediately.
- Full Technical Package: Sale includes Soils Report, City Soils Approval, and complete Architectural Plans.
- ED1 & TOC Tier 3 Optimized: 100% Affordable project (9 ELI, 2 LI) with Zero Parking requirements.
- Rare Alley Access: Features rear alley access, simplifying construction logistics and waste management.
Résumé de l'annonce
Rare opportunity to acquire a "Ready to Issue" (RTI) development project in a rapidly transitioning area of Los Angeles. This 5,362 SF lot is delivered vacant and cleared (previous triplex demolished) with full architectural plans for a 3-story, 11-unit residential building (100% Affordable Housing).
Project Highlights:
Unit Mix: 11 Spacious 1BR/1BA units (~8,226 total GBA).
Expedited Path: Fully entitled under ED1; Building permits are RTI, and Grading permit is issued.
Cost Efficiency: No parking requirements (TOC Tier 3) and significantly reduced carry time.
Construction Ready: Soils report, City approval letters, and recorded covenant are all in place.
Logistics: Rear alley access provides a major advantage for construction staging and future tenant ease of use.
Location:
Situated between Main and Broadway, just minutes from USC, DTLA, and major transit corridors (110 & 105 Freeways).
Bilan financier (Pro forma - 2026) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par AC (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
-
|
-
|
Bilan financier (Pro forma - 2026) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par AC | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par AC | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par AC | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | - |
| Annuel par AC | - |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par AC | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par AC | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par AC | - |
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 950 138 $ CAD | Taille du lot | 0,12 AC |
| Prix par AC | 7 917 818,93 $ CAD |
| Prix | 950 138 $ CAD |
| Prix par AC | 7 917 818,93 $ CAD |
| Taille du lot | 0,12 AC |
RTI development site for an 11-unit apartment building. Site is flat, cleared, and ready for immediate construction. Features rare alley access and is optimized for ED1/TOC Tier 3 incentives.
Description
FULLY RTI 11-UNIT DEVELOPMENT SITE – 100% AFFORDABLE (ED1) THE OPPORTUNITY: 118 W 87th Place is a shovel-ready development project located in an Opportunity Zone in South Los Angeles. This project is "Ready to Issue" (RTI), allowing a developer to bypass the typical 24-month entitlement delay and begin construction immediately. PROJECT SPECS: Units: 11 Total (100% Affordable: 9 ELI, 2 LI). Configuration: 3-Story building featuring (11) 1BR/1BA units. Building Size: Approx. 8,226 Gross SF. Parking: 0 Spaces Required (TOC Tier 3 / ED1 Incentive). Lot Size: 5,362 SF (38' x 141'). DELIVERABLES INCLUDED IN SALE: Full Architectural Plans (RTI Building Permit Application). Issued Grading Permit. Recorded Affordable Housing Covenant. Soils Report & City Approval Letter. Site delivered vacant and cleared (Demolition complete). LOCATION HIGHLIGHTS: Strategically located between Main Street and Broadway with a rear alley providing superior construction and trash logistics. Rated "Very Walkable" (78) and "Good Transit" (63), providing future tenants easy access to DTLA and the USC campus via the 110 Freeway.
Impôts fonciers
| Numéro de lot | 6040-021-018 | Évaluation des bâtiments | 240 452 $ CAD (2025) |
| Évaluation du terrain | 565 770 $ CAD (2025) | Évaluation totale | 806 222 $ CAD (2025) |
Impôts fonciers
Présenté par
120 W 87th Pl - 118 W 87th Place, LA
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