Plans Approved, Buyer to Obtain RTI Post-Closing
109-Unit Apartment Project | Tier 3 TOC | Wilshire District
Presenting a rare opportunity with approved Plans in the vibrant Wilshire District of Los Angeles. This offering includes three contiguous parcels located at 957, 961, and 967 Arapahoe Street, totaling approximately 25,658 square feet of land. The approved plans call for a 5-story, 109-unit apartment building over a Type I-A subterranean garage, utilizing Type III-A construction. This is a 100% privately funded project in one of the most in-demand, transit-connected neighborhoods of Los Angeles.
• Located within the Wilshire Council District, the project is ideally suited for a forward-thinking investor or developer.
• Income-producing structures currently exist on two of the parcels, providing holding income while final construction preparations are made.
• Investors may pursue re-entitlement under Executive Directive 1 (ED1) or the CHIP Ordinance to potentially increase density and boost project value.
This opportunity will bring 109 residential units to a highly walkable, transit-served and amenity-rich location in Los Angeles. With approved plans in hand and options for further entitlements under new city programs, this property is poised for immediate development or strategic repositioning.
Contact us today to request the full due diligence package.