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$ 1,495,000
Est. payment | /mo
0.28 Acres Lot
$ 1,495,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26023639
HOA Y/N No
Lot Size 0.279 Acres
Property Description
RTI SHOVEL-READY DEVELOPMENT | 32 UNITS | TOC TIER 1
5304–5318 S Figueroa St, Los Angeles, CA
Rare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines.
The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location.
Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles' most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare.
Offered at $1,495,000.
RTI approvals in hand. Plans and documentation available upon request.
5304–5318 S Figueroa St, Los Angeles, CA
Rare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines.
The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location.
Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles' most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare.
Offered at $1,495,000.
RTI approvals in hand. Plans and documentation available upon request.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning C2-1VL-CPIO
Interior
Fireplace No
Exterior
Community Features Biking
View Y/N No
View None
Present Use Investment,Multi-Family
Building
Lot Description 31-35 Units/Acre
Water Other
New Construction No
Others
Senior Community No
Tax ID 5001035010
Acceptable Financing Cash, Contract, 1031 Exchange, Owner May Carry
Listing Terms Cash, Contract, 1031 Exchange, Owner May Carry
Special Listing Condition Standard
Listed by Deborah Moussighi Keller Williams Luxury 818-585-2758, DRE #01487871
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