118 W 87th Place
Los Angeles, CA 90003
5,362Sqft(Lot)
RTI Affordable Development Site, 11-unit ED1 TOC Tier 3, priced to move. The existing triplex has been demolished. Permit-ready affordable housing development opportunity with an issued grading permit and a building permit application that is Ready to Issue (RTI). Proposed 3-story apartment project, positioned for a buyer seeking a fast path to start work without going back through full entitlement. Attached documents include LADBS grading permit and receipt, soils report, and City soils approval letter, LADBS building permit status showing Ready to Issue, approved plan set, and recorded affordable housing covenant running with the land. Buyer to review the covenant and verify all requirements.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bathroom Information
Total Baths: 0 Full Baths: 0 Half Baths: 0Water/Sewer
Sewer: Other
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1231 Lot Size Dimensions: 107 x 50 -
Lot Size Source: Assessor Lot Size Square Feet: 5362
-
Listing Price Information
Original List Price: 649,888 Listing Contract Date: 2026-03-02 -
Lease Information
Listing Agreement: Exclusive Right To Sell
-
Tax Information
Parcel Number: 6040021018
-
Other Property Info
Source Listing Status: Active Source Neighborhood: C37 - Metropolitan South Postal Code Plus 4: 3316 Directions: Located on West 87th Place between Main St and Broadway. East of the 110 and North of the 105 freeways. Zoning: LAR3 Source Property Type: Land Area: C37 - Metropolitan South
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 7402 Avalon Boulevard, Los Angeles, CA, 90003 | $950,000 | -- | -- | -- | 9,402 Sqft(Lot) |
| 8019 Towne Avenue, Los Angeles, CA, 90003 | $90,000 | -- | -- | -- | 1,650 Sqft(Lot) |
| 8129 S San Pedro Street, Los Angeles, CA, 90003 | $464,000 | -- | -- | -- | 2,559 Sqft(Lot) |
| 125 E Florence Avenue, Los Angeles, CA, 90003 | $3,990,000 | -- | -- | -- | 29,185 Sqft(Lot) |
| 235 E Manchester, Los Angeles, CA, 90003 | $1,300,000 | -- | -- | -- | 8,800 Sqft(Lot) |
Similar Land To 118 W 87th Place
Nearby For Sale
Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 06/15/2026 @ 23:50
More Cities with for Sale by Owner Homes
- Los Angeles Homes For Sale By Owner
- Huntington Park Homes For Sale By Owner
- Maywood Homes For Sale By Owner
- South Gate Homes For Sale By Owner
- Bell Gardens Homes For Sale By Owner
- Lynwood Homes For Sale By Owner
- Bell Homes For Sale By Owner
- East Los Angeles Homes For Sale By Owner
- View Park Homes For Sale By Owner
- Inglewood Homes For Sale By Owner
- Commerce Homes For Sale By Owner
- City Terrace Homes For Sale By Owner
- Gardena Homes For Sale By Owner
- Los Angeles Homes For Sale By Owner
- Compton Homes For Sale By Owner
- Paramount Homes For Sale By Owner
- Monterey Park Homes For Sale By Owner
- Downey Homes For Sale By Owner
- Montebello Homes For Sale By Owner
- El Sereno Homes For Sale By Owner
Homes around $649,888
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.