$649,888 $3,489 est/mo Sourced by Back At You
118 W 87th Place,Los Angeles, CA 90003
Los Angeles, CA 90003
Conceptual Rendering Based on
Shovel Ready Land with RTI Per
Conceptual Rendering Based on
Description
RTI Affordable Development Site, 11-unit ED1 TOC Tier 3, priced to move. The existing triplex has been demolished. Permit-ready affordable housing development opportunity with an issued grading permit and a building permit application that is Ready to Issue (RTI). Proposed 3-story apartment project, positioned for a buyer seeking a fast path to start work without going back through full entitlement. Attached documents include LADBS grading permit and receipt, soils report, and City soils approval letter, LADBS building permit status showing Ready to Issue, approved plan set, and recorded affordable housing covenant running with the land. Buyer to review the covenant and verify all requirements.
Details
| MLS # | 26658415 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 200 |
| Listing Provided By | Compass | Hooman Morvarid |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.12 |
| Property View | None |
Exterior
| Lot Features | Flat |
|---|---|
| Topography | Level |
Utilities
| Sewer | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Community Name | TR 337 |
| Listing VS Median (in TR 337) | |
Price: $649,888 low | high Med: $0 On site: 200 low | high Med: | |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Community Name | TR 337 |
| Listing VS Median (in TR 337) | |
Price: $649,888 low | high Med: $0 On site: 200 low | high Med: | |
Nearby Listings (Within 1/10 mile)
Price: $487K - $812K
sqft: 0 - 0
Listing Updated: August 21, 2026 at 11:33:18 PM PDT