CA > Los Angeles
Los Angeles, CA 90019,1327 West
Los Angeles, CA 90019,1327 West
Los Angeles, CA 90019,1327 West
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$1,350,000
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7,406 Sqft Lot
Active

1327 West Los Angeles, CA 90019

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Ben Ruiz

Ben Ruiz

+1(619) 733-4635

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25094278

HOA Y/N No

Lot Size 7,406 Sqft

Acres 0.17

Property Sub-Type Lots/Land

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 rentsoffering 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 diningthis is a standout opportunity for developers and investors seeking a fully entitled, shovel-ready affordable housing project in a thriving Los Angeles location.
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 rentsoffering 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 diningthis 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 Los Angeles (90019)

Building

Lot Description Curbs

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $31

Acceptable Financing Cash

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by Rana Khanjani • Sync Brokerage

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agent

Ben Ruiz

Broker Associate | License ID: 00948586

+1(619) 733-4635

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