An exceptional opportunity to acquire a fully entitled and RTI (Ready-To-Issue) affordable housing development site located in the heart of Los Angeles. The project is approved for a 5-story, 71-unit 100% affordable housing development. Unit mix includes 16studio units, 50 one-bedroom units, and 5 two-bedroom units.
• Total Units: 71
• Stories: 5
• Land Area: ±9,626 SF
• Current Use: Auto body shop (to be delivered vacant and demolished)
• Zoning: Entitled for affordable housing use
• Delivery: Vacant, RTI permits in hand
Located in the 90015 zip code, this property qualifies under Tier 8 of HACLA’s voucher payment standards, offering a strong rent floor and enhancing the financial feasibility of affordable housing operations in this location.