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
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Features
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Lot Information
Lot Dimensions: 107 x 50 Main Square Feet: 5362 Lot Size Acres: 0.1231 Lot Size Source: Assessor Lot Size Square Feet: 5,362 Lot Description: FlatProperty Information
Subdivision: TR 337 Source Property Type: Land Postal Code Plus 4: 3316
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Listing Price Information
Listing Price: $649888Original Price: $698888
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Tax Information
Parcel Number: 6040021018
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Location Information
Direction: Located on West 87th Place between Main St and Broadway. East of the 110 and North of the 105 freeways.
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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) |
| 8501 Towne, Los Angeles, CA, 90003 | $275,000 | -- | -- | -- | 3,750 Sqft(Lot) |
| 8129 S San Pedro Street, Los Angeles, CA, 90003 | $395,000 | -- | -- | -- | 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) |
| 436 W 76th, Los Angeles, CA, 90003 | $850,000 | -- | -- | -- | 7,118 Sqft(Lot) |
| 214 W 92nd, Los Angeles, CA, 90003 | $479,000 | -- | -- | -- | 5,402 Sqft(Lot) |
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ByOwner last updated this listing 07/31/2026 @ 18:45
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