118 W 87th Place

Los Angeles , CA 90003

MLS#: SR25129029

$805,000

Status: Active
Listing number: SR25129029
Listing provided by: Keller Williams Luxury
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.1888 acres

Fully RTI Section 8 Affordable Housing Development Project Located In South LA . 11 plus 1 Units. VACANT LAND READY TO BE BUILT ON Back Alley Access Way as well makes it even more convenient and accessible for construction. Proposed New Building Size 8226 SF on 5362 SF Lot Unit Mix (11) 1 Bedroom/1 Bathroom 3 Stories with ADA Approved Units ready for Section 8 No Parking Required Major cross streets 87th and Main St 90003 15 Minutes to USC and 25 to DTLA Walk Score of 73

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    Neighborhood

Area & Lot

  • Lot Size(acres)

    0.1888

  • Property Type

    Land

Price

  • Sales Price

    $805,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Deborah Moussighi , Keller Williams Luxury

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Fully RTI Section 8 Affordable Housing Development Project Located In South LA . 11 plus 1 Units. VACANT LAND READY TO BE BUILT ON Back Alley Access Way as well makes it even more convenient and accessible for construction. Proposed New Building Size 8226 SF on 5362 SF Lot Unit Mix (11) 1 Bedroom/1 Bathroom 3 Stories with ADA Approved Units ready for Section 8 No Parking Required Major cross streets 87th and Main St 90003 15 Minutes to USC and 25 to DTLA Walk Score of 73

118 W 87th Place

Message successfully sent.

What would you like to know?

Related Properties

New on site 1 day ago
CALL FOR OFFERS: Offers due July 28th at 12 PM. We are pleased to present for sale an excellent affordable housing development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. Zoned R3-1, the combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable ED 1 apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Seller is motivated, bring all offers!
#25567597

Los Angeles

12016 S Figueroa Street

None Beds

None Baths

0.2179 acres

$835,000

MLS#: 25567597

To present a unique opportunity to acquire 8426 S Broadway, a fully Ready-to-Issue (RTI) affordable housing development project located in South Los Angeles. This property is situated on a 7,264-square-foot lot and comes with RTI permits for a 22-unit, 100% affordable multifamily project. The proposed 3-story apartment building will feature Type V-A construction and does not require parking, as per AB 2097. This provides substantial design flexibility and the potential for a strong return on investment. The approved plans outline the development of 22 apartment units, totaling 10,803 square feet. The proposed design includes 2 studio units, 19 one-bedroom units, and 1 two-bedroom unit, with three apartments designated for Extremely Low Income tenants and nineteen for Low Income tenants. The rents for these affordable units will adhere to the most recent Schedule I and Schedule 6 rent limits set by HUD. Additionally, the project allows for participation in the Section 8 voucher program, which enhances leasing flexibility and income stability. Located on Broadway, the property is within walking distance of several public transportation stops along Main Street. It is also less than half a mile from South Park Recreational Center, Dr. Maya Angelou Community High School, and South Los Angeles Wetlands Park, and within a mile of LA Academy Middle School. For commuters, the 10 and 110 Freeways are just minutes away, providing convenient access to Greater Los Angeles.
#25567633

Los Angeles

8426 S Broadway

None Beds

None Baths

0.1668 acres

$875,000

MLS#: 25567633

Calling all developers & investors, — this is your chance to unlock the full potential of a rare 50x150 ft lot in one of LA’s most coveted neighborhoods! Located in the hills of Echo Park, this 2-bedroom, 1-bath home (1,086 SF per assessor) is a true fixer or teardown opportunity. The property includes a second detached 396 SF structure (built in 1938) and a bonus lower-level recreation room beneath the raised foundation. An additional parcel (APN: 5422-021-005) provides an irrevocable easement and right of way, offering enhanced flexibility for development. There's also a leveled parking pad for extra on-site parking. Whether you’re planning to remodel, expand, or build a custom new home, the land value and location speak for themselves. Just minutes to Elysian Park, Dodger Stadium, and Sunset Blvd hotspots. Zoned for opportunity and poised for transformation — don’t miss this one.
#AR25161426

Los Angeles

2149 Fargo Street

None Beds

None Baths

0.1722 acres

$868,000

MLS#: AR25161426

Discover a rare chance to develop a multi-family masterpiece on a hillside lot within the prestigious Highland Park-Garvanza HPOZ. This 35-foot wide lot is primed for a fourplex that blends modern living with classic California architecture, drawing inspiration from local history and luminaries like Maybeck and Irving Gill. The design ingeniously incorporates a vertical landscape with monumental post and beam trellis work, creating stunning indoor-outdoor spaces. Significant progress has already been made, with substantial investment in architectural designs, permits, and various reports. We have soils reports , a development grading plan, and existing sewer and utilities are already on site. This is an exceptional opportunity to build a legacy property in Highland Park. Plans and further details are available upon request.
#25566663

Los Angeles

353 N Avenue 53

None Beds

None Baths

0.1299 acres

$699,000

MLS#: 25566663

Presenting a rare development opportunity in the heart of Echo Park's coveted Elysian Heights neighborhood, this generously sized, double corner lot spans 7,244 sq ft. It offers incredible potential for new construction in one of LA's most creative and in-demand enclaves. Set just west of Elysian Park, the land sits elevated in the hills with lush bougainvillea lining the front fence, offering both charm and privacy. Once home to a 1922-built residence, this lender-owned parcel is a unique canvas ready for a bold new vision. Double lots like this are a true rarity in the area, providing ample space for a striking single-family estate, a modern duplex, or an architectural compound; buyer to verify zoning and permitting options. Fenced and surrounded by a mix of eclectic hillside homes and artistic flair, this lot enjoys a serene setting with nearby nature and easy urban access. Whether you're looking to design a peaceful retreat or an income-generating property, the size, location, and character of this lot open the door to countless possibilities. Centrally located just a few blocks from Elysian Heights Elementary Arts Magnet and within a short distance to some of Echo Park's favorite spots: Bacetti Trattoria, Cookbook Market, Canyon Coffee, and Lady Byrd Cafe. With Elysian Park's scenic hiking trails just minutes away and quick access to the 5 and Glendale Freeways, as well as nearby Dodger Stadium and Downtown LA, this is a one-of-a-kind opportunity to create something truly special in a dynamic, up-and-coming neighborhood.
#25565235

Los Angeles

2200 Avon Street

None Beds

None Baths

0.1663 acres

$799,000

MLS#: 25565235

Prime development opportunity. Shovel ready RTI plans for 2 duplexes with each unit having 4 bedrooms and 3 bathrooms @ ~1,160 sqft, for a total livable space of 4640 sqft. Empty 5,444 sqft Lot, Zoned LAC2-1VL-CPIO, Tier 2 TOC bonus, Opportunity Zone. Direct street and alley access. Easy access to the 110, 10, and 105 freeways.
#SB25159300

Los Angeles

6205 S San Pedro Street

None Beds

None Baths

0.125 acres

$765,000

MLS#: SB25159300

LAR3 Zoning on a 5,120 Lot 40 by 128 dimension Owner has submitted plans for 5+ units but no RTI yet
#DW25156518

Los Angeles

405 E 43rd Place

None Beds

None Baths

0.1175 acres

$780,000

MLS#: DW25156518

Introducing 200 Belmont Ave, a highly desirable corner lot in Historic Filipinotown/ Echo Park. This property features approximately 6,000 sq ft of land, zoned LARD1.5, offering excellent potential for redevelopment. With alley access and corner location, the lot provides flexibility for design, parking space options and maximizes buildable area. This lot obtains unobstructed views of downtown which makes this the best investment for a builder to set his investment apart from the other new builds. The surrounding neighborhood is experiencing significant growth, with numerous new construction projects and multi-unit developments underway, making this an ideal investment for builders and developers looking to capitalize on the area's upward momentum.Located minutes from Downtown Los Angeles, Silver Lake, and major freeways, this property combines convenience with strong future appreciation potential.
#25561733

Los Angeles

200 Belmont Avenue

None Beds

None Baths

0.1362 acres

$775,000

MLS#: 25561733

There are two lots attached. Each lot is priced at $675,000 and both to be sold together. Lots could be developed into apartments, condos or commercial building. The seller will carry with 25% down. The seller will also rent the lots on an Option to Buy contract. The lots have been used as construction and landscaping site.
#25558785

Los Angeles

4902 Venice Boulevard

None Beds

None Baths

0.0864 acres

$675,000

MLS#: 25558785

VIEW! VIEW! VIEW! When it comes to Real Estate it is always about Location, Location, Location. This location has what it takes for a home to make a statement in Southern California. Situated on Mulholland Drive overlooking Nichols Canyon, the lot offers unobstructed views that are spectacular and breath taking, the property extends from Mulholland Drive on the East to La Cuesta Drive on the West. The lot size is approximately 8,537 Sq Ft, having plenty of room to build that dream home to enjoy the views and sunsets. This is a great opportunity to build your dream home on this amazing lot.
#25557229

Los Angeles

2734 La Cuesta Drive

None Beds

None Baths

0.196 acres

$850,000

MLS#: 25557229

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here