1327 West BLVD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25094278
Lot Size 7,405 Sqft
Property Description
Fully RTI-approved project in a high-demand, transit-accessible pocket of Mid-Wilshire. This 7,406 SF R4-zoned lot (TOC Tier 2) comes with Ready-To-Issue permits for a 27-unit 100% affordable housing development, including 26 one-bedroom units and one studio. Approved plans offer approximately 12,940 SF of rentable space and 15,360 SF of gross building area. Projected monthly income is approximately $62,928, based on HACLA Section 8 rents—offering strong long-term cash flow and attractive cap rate potential. Located in 90019, a centrally located, rapidly growing neighborhood with easy access to major employment hubs including Downtown LA, Culver City, and Beverly Hills. The property is close to public transit, Metro lines, and major freeways, making it ideal for tenants who value connectivity. Surrounded by a strong rental market, cultural amenities, retail, and dining—this is a standout opportunity for developers and investors seeking a fully entitled, shovel-ready affordable housing project in a thriving Los Angeles location.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAC2
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description Street Level
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard