907 W 17th, Los Angeles, CA 90015 - MLS#SR25094654

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,200,000

Est. payment | -/mo

Save

$ 2,200,000

Est. payment | -/mo

Save

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25094654

Property Sub-Type Lots/Land

Property Description

Incredible opportunity to build a fully RTI-approved 39-unit affordable housing project in the heart of Pico-Union. Located on a 7,406 SF R3-zoned lot with Tier 8 TOC designationoffering the HIGHEST LEVEL of CITY INCENTIVES. Approved plans include 30 one-bedroom units and 9 studios, totaling approx. 16,157 SF of rentable space and 19,008 SF total building area. Projected monthly income is approx. $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This is a rare, shovel-ready opportunity for investors seeking strong returns, premium incentives, and long-term stability in one of LAs most transit-connected and high-demand rental submarkets. Close to DTLA, USC, Koreatown, public transportation, and major freeway

Location

State CA

County Los Angeles

Direction N of 10 Freeway - W of 101 Freeway

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 5135028007

Listed by Rana Khanjani Sync Brokerage

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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907 W 17th Los Angeles, CA 90015