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).