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$ 1,990,000
Est. payment /mo
Active
907 W 17th Street Los Angeles, CA 90015
6,931 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25094654
HOA Y/N No
Lot Size 6,931 Sqft
Acres 0.16
Property Sub-Type Unimproved Land
Property Description
Rana Khanjani with Sync Brokerage is proud to present 907 W. 17th Street, a fully RTI-approved 39-unit ED1 (100% affordable) development in the heart of Los Angeles' Pico-Union neighborhood. Situated on a 6,930 square foot R3-zoned lot with TOC Tier 8 incentives, the project is designed with approximately 16,157 rentable square feet and 19,008 gross square feet of living space. The approved plans include 30 one-bedroom apartments, 5 studios, and 4 accessory dwelling units, offering a well-balanced mix that meets the area's strong demand for affordable housing. This investment opportunity is projected to generate $121,341 in monthly income based on current HACLA Section 8 rents, delivering both stability and long-term growth for developers and investors. With RTI permits secured, ED1 advantages, and premium TOC density, the project is shovel-ready and eliminates entitlement risk. Pico-Union is one of Los Angeles' most historic and rapidly evolving neighborhoods, marked by ongoing investment activity, cultural vibrancy, and infrastructure improvements. Its central location provides easy access to major freeways, Metro rail, and multiple bus lines, ensuring connectivity to Downtown Los Angeles, USC, and surrounding job centers. This development represents a rare opportunity to creat
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 5135028007
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Listed by Rana Khanjani • Sync Brokerage