120 W 87th Pl - Residential LAND FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens5,227 SF
$698,888 USD
818-355-2700

NO PHOTO

$698,888 USD
Residential LAND - FOR SALE
5,227 SF

120 W 87th Pl
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • RTI Permits for 11 Units: Building permits are Ready to Issue; Grading permit is already issued.
  • ED1 & TOC Tier 3 Optimized: 100% Affordable project (9 ELI, 2 LI) with Zero Parking requirements.
  • Shovel-Ready / Cleared Lot: Site is level, fenced, and previous structure demolished—start work immediately.
  • Rare Alley Access: Features rear alley access, simplifying construction logistics and waste management.
  • Full Technical Package: Sale includes Soils Report, City Soils Approval, and complete Architectural Plans.

OVERVIEW

RTI 11-Unit Development Site | ED1 & TOC Tier 3 | South LA Rare opportunity to acquire a "Ready to Issue" (RTI) development project in a rapidly transitioning area of Los Angeles. This 5,362 SF lot is delivered vacant and cleared (previous triplex demolished) with full architectural plans for a 3-story, 11-unit residential building (100% Affordable Housing). Project Highlights: Unit Mix: 11 Spacious 1BR/1BA units (~8,226 total GBA). Expedited Path: Fully entitled under ED1; Building permits are RTI, and Grading permit is issued. Cost Efficiency: No parking requirements (TOC Tier 3) and significantly reduced carry time. Construction Ready: Soils report, City approval letters, and recorded covenant are all in place. Logistics: Rear alley access provides a major advantage for construction staging and future tenant ease of use. Location: Situated between Main and Broadway, just minutes from USC, DTLA, and major transit corridors (110 & 105 Freeways).

FOR SALE DETAILS

PRICE

$698,888 USD

PRICE/ACRE

$5,824,067/AC

PRICE/SF

$134 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

118 W 87th Place, LA

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Subsdzd, Hold for Development

LAND ACRES

0.12 AC

LAND SF

5,227 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

LAR3-1-O-CPIO

APN/PARCEL ID

6040-021-018

ASK ABOUT THIS PROPERTY

Hooman MorvaridCompass CommercialMore Info
818-355-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Hooman MorvaridCompass CommercialMore Info
818-355-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.