$698,888

118 W 87th Place, Los Angeles, CA 90003

Land
Built in ——
5,227sqft lot
—— car garage
$——/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: March 2, 2026
Data Last Updated:: April 2, 2026 at 5:08PM
Listing Office:: Compass : 818-783-7721
Listing Agent:: Hooman Morvarid : 818-355-2700
MLS ID:: CL26658415

County: Los Angeles

Zoning: LAR36040021018
View: None

Utilities: Other Water/Sewer
Sewer: Other

This listing courtesy of Hooman Morvarid , Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Knox Elementary School

8920 Tupachi Pl, Los Angeles, CA, 90003

Grades KG-6

0.20 miles away

Bret Harte Preparatory

9301 S Hoover St, Los Angeles, CA, 90044

Grades 6-8

0.83 miles away

Dymally High School

8800 S San Pedro St, Los Angeles, CA, 90003

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.