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4-UNIT | RTI SB8 CLEARED | PERMITS PAID 1511 S New Hampshire Ave 3 Unit Apartment Building $1,185,000 ($395,000/Unit) Los Angeles, CA 90006
Investment Highlights
- RTI SB8 CLEARED | PERMITS PAID | SHOVEL READY
- Approved 4-unit project designed for high-income potential and efficient layout.
- Central location near Koreatown, Downtown LA, USC, and major freeways (I-10 & I-110).
- Fully approved project with ~$70,000 in paid permits—no entitlement risk and ready to build immediately.
- 6,288 SF LOT | RD1.5 Zoning
- Strong Rental Demands & Upside
Executive Summary
RTI SB8 CLEARED | PERMITS PAID | SHOVEL READY | DELIVERED VACANT
Great value-add and development opportunity in the Pico-Union / Koreatown corridor. Existing vacant triplex (3 units) built in 1905, situated on a 6,288 SF lot (0.14 AC) with approximately 3,454 SF across 3 floors. Comes with fully approved RTI plans and approximately $70,000 in paid permits—no entitlement risk and ready to build immediately. Approved plans include a 4-unit project totaling approximately 7,821 rentable SF, featuring (2) 5-bed + office / 5-bath units and (2) 4-bed / 5-bath units. Each unit is designed with en-suite bathrooms and private 2-car garages, ideal for co-living or high-demand rental use. Prime central location near Koreatown, Downtown LA, USC, and major freeways (I-10 & I-110). Excellent opportunity for developers or investors looking to build and hold or sell. Renderings may not reflect final plans. Buyer to verify all information.
Great value-add and development opportunity in the Pico-Union / Koreatown corridor. Existing vacant triplex (3 units) built in 1905, situated on a 6,288 SF lot (0.14 AC) with approximately 3,454 SF across 3 floors. Comes with fully approved RTI plans and approximately $70,000 in paid permits—no entitlement risk and ready to build immediately. Approved plans include a 4-unit project totaling approximately 7,821 rentable SF, featuring (2) 5-bed + office / 5-bath units and (2) 4-bed / 5-bath units. Each unit is designed with en-suite bathrooms and private 2-car garages, ideal for co-living or high-demand rental use. Prime central location near Koreatown, Downtown LA, USC, and major freeways (I-10 & I-110). Excellent opportunity for developers or investors looking to build and hold or sell. Renderings may not reflect final plans. Buyer to verify all information.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$231,360
|
$66.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,360
|
$66.98
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $231,360 |
| Annual Per SF | $66.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $231,360 |
| Annual Per SF | $66.98 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
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Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5075-004-019 | Improvements Assessment | $557,134 (2025) |
| Land Assessment | $371,422 (2025) | Total Assessment | $928,556 (2025) |
Property Taxes
Parcel Number
5075-004-019
Land Assessment
$371,422 (2025)
Improvements Assessment
$557,134 (2025)
Total Assessment
$928,556 (2025)
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4-UNIT | RTI SB8 CLEARED | PERMITS PAID | 1511 S New Hampshire Ave