Property Detail
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.
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Listing provided courtesy of Rana Khanjani of Sync Brokerage. Last updated 2025-04-30 09:25:33.000000. Listing information © 2024 PACIFICSOTHEBYSFULLSANDICORCOMBINED.
Fara Fashandi
DRE# 01339461
1111 Prospect St #100La Jolla, CA 92037
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858.336.7311
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CA DRE# 01339461
1111 Prospect St #100 La Jolla, CA 92037
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