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120 W 87th Pl
Los Angeles, CA 90003 Canndu/Avalon Gardens

$698,888 USD

Land For Sale • 0.12 AC

Property Details

Property Type Land
Lot Size 0.12 AC
Zoning LAR3-1-O-CPIO

70 Transit Score

60 Walk Score

Description

FULLY RTI 11-UNIT DEVELOPMENT SITE – 100% AFFORDABLE (ED1)

THE OPPORTUNITY:
118 W 87th Place is a shovel-ready development project located in an Opportunity Zone in South Los Angeles. This project is "Ready to Issue" (RTI), allowing a developer to bypass the typical 24-month entitlement delay and begin construction immediately.

PROJECT SPECS:

Units: 11 Total (100% Affordable: 9 ELI, 2 LI).

Configuration: 3-Story building featuring (11) 1BR/1BA units.

Building Size: Approx. 8,226 Gross SF.

Parking: 0 Spaces Required (TOC Tier 3 / ED1 Incentive).

Lot Size: 5,362 SF (38' x 141').

DELIVERABLES INCLUDED IN SALE:

Full Architectural Plans (RTI Building Permit Application).
Issued Grading Permit.
Recorded Affordable Housing Covenant.
Soils Report & City Approval Letter.
Site delivered vacant and cleared (Demolition complete).

LOCATION HIGHLIGHTS:

Strategically located between Main Street and Broadway with a rear alley providing superior construction and trash logistics. Rated "Very Walkable" (78) and "Good Transit" (63), providing future tenants easy access to DTLA and the USC campus via the 110 Freeway.

                
                    Highlights
                
                                RTI Permits for 11 Units: Building permits are Ready to Issue; Grading permit is already issued.
                            
                                ED1 & TOC Tier 3 Optimized: 100% Affordable project (9 ELI, 2 LI) with Zero Parking requirements.
                            
                                Shovel-Ready / Cleared Lot: Site is level, fenced, and previous structure demolished—start work immediately.
                            
                                Rare Alley Access: Features rear alley access, simplifying construction logistics and waste management.
                            
                                Full Technical Package: Sale includes Soils Report, City Soils Approval, and complete Architectural Plans.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	13 min	-	9.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	15 min	-	9.3 mi
Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	8.8 mi
Long Beach (Daugherty Field)	23 min	-	16.7 mi
Bob Hope	33 min	-	24.3 mi

Hooman Morvarid 818-355-2700 Compass Commercial

120 W 87th Pl Los Angeles, CA 90003 Canndu/Avalon Gardens

$698,888 USD

Property Details

Description

Highlights

Public Transportation

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120 W 87th Pl
Los Angeles, CA 90003 Canndu/Avalon Gardens