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118 W 87th Place

Los Angeles (City), CA 90003
  • $649,888
  • STATUS: Active
  • ON SITE: 186 Days
  • MLS #: 26658415
$649,888
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Hooman Morvarid of Compass (818-783-7721)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-06T00:28:20.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/173627558
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118 W 87th Place Los Angeles (City), CA 90003

  • Price: $649,888
  • Status: Active
  • On Site: 186 Days
  • MLS #: 26658415
0
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Tr 337
County:
Los Angeles
Area:
C37 - Metropolitan South
Property 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.
Exterior Features

Lot Features Flat Parking Total 0 Topography Level View None View YN No

Property Features

Association YN No Buyer Financing Cash Disclosures Seller Disclosure Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Possession Close Plus 1 Day Senior Community YN No Sewer Other Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-06T00:28:20.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Hooman Morvarid of Compass (818-783-7721)