632 E Washington Blvd - Commercial LAND FOR SALE


Los Angeles, CA 90015- Southeast Los Angeles9,627 SF
$3,200,000 USD
424-274-1198
632 E Washington Blvd, Los Angeles, CA for Sale
$3,200,000 USD
Commercial LAND - FOR SALE
1/1
9,627 SF

632 E Washington Blvd
Los Angeles, CA 90015
Southeast Los Angeles


HIGHLIGHTS

  • Streamlined project timeline with RTI status
  • Fully entitled affordable housing—ideal for LIHTC or other public-private funding programs
  • Located in HACLA Tier 8 zone, offering strong voucher-backed rent support
  • Strong rental demand and continued growth in the immediate area
  • Proven support for affordable housing initiatives from the City of Los Angeles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/ACRE

$14,480,781/AC

PRICE/SF

$332 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.22 AC

LAND SF

9,626 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

5127-004-032

ASK ABOUT THIS PROPERTY

Brian LevianLev OutdoorMore Info
424-274-1198

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

Brian LevianLev OutdoorMore Info
424-274-1198

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