5304 S Figueroa, Los Angeles, CA 90037

Property Description

RTI SHOVEL-READY DEVELOPMENT | 32 UNITS | TOC TIER 1 5304–5318 S Figueroa St, Los Angeles, CA Rare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines. The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location. Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles’ most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare. Offered at $1,495,000. RTI approvals in hand. Plans and documentation available upon request.

Listing Status:

Active

Date Added:

February 2, 2026

Data Last Updated:

February 7, 2026 at 11:18PM

Listing Office:

Keller Williams Luxury : 310-806-2619

Listing Agent:

Deborah Moussighi : 310-806-2619

MLS ID:

SR26023639

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: C2-1VL-CPIO5001035010
• View: None
• Current Use: InvestmentMulti-Family

Utilities

• Water: Other

Financial

• Source: CRMLS_CRM