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- LoopNet Team
6401 S Broadway
Los Angeles, CA 90003
RTI/VACANT LOT · Land For Sale
·
0.21 AC
Investment Highlights
- Delivered vacant with full RTI approvals - Offered at just $43,000 per Unit
- Future potential to add 3 ADUs
- Value-engineered design with rooftop deck and elevator
- 50-unit all one-bedroom project (49 affordable + 1 manager unit)
- 4-story Type V wood-frame construction
- No parking required; alley access in rear
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.21 AC |
| Zoning | LC2 - Zoning: C2 – Commercial/Residential (Multifamily allowed) | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.21 AC |
| Zoning | LC2 - Zoning: C2 – Commercial/Residential (Multifamily allowed) |
Description
Rare opportunity to develop a shovel-ready, 100% affordable housing project in the heart of South Los Angeles. This corner lot is fully entitled and RTI-approved for a 4-story, 50-unit building consisting entirely of one-bedroom units. The project is value-engineered with wood-frame Type V construction, no parking requirement, and includes rooftop amenities and elevator access. Positioned in a high-density, transit-oriented neighborhood with strong rental demand, this project offers investors immediate development potential with long-term stable cash flow through Section 8 rents. Key Features: Fully RTI – Ready to build 50-unit affordable project High Returns – ~$105K/month projected gross income Efficient Design – Type V wood frame, value-engineered Bonus Potential – Future addition of up to 3 ADUs Walkable Location – Close to transit, shopping, and major job centers Delivered Vacant – No relocation or demolition required No Parking Required – Site includes alley access Affordable Housing Demand – Limited supply in 90003 ZIP
Property Taxes
| Parcel Number | 6005-001-022 | Improvements Assessment | $0 |
| Land Assessment | $1,404,540 | Total Assessment | $1,404,540 |
Property Taxes
