Description
Ime pico-union rti development – 39 units | 100% affordable housing | toc tier 8. incredible opportunity to develop a fully rti-approved 39-unit affordable housing project in the heart of pico-union—one of la’s most vibrant, high-demand rental markets. this 7,406 sf r3-zoned lot has been upgraded to toc tier 8, maximizing entitlements and hacla rents. approved for 30 one-bedroom units and 9 studios, the project includes approx. 16,157 sf of rentable space and 19,008 sf of gross building area. projected monthly income: $104,832 (based on hacla section 8 rents). offered at $60,000 per unit – asking price: $2,340,000. surrounded by major employment hubs (dtla, usc, koreatown), public transit, and freeway access. this tier 8 rti project is a golden opportunity for developers and impact-driven investors seeking immediate value, strong cash flow, and premium incentives in one of la’s most underbuilt and transit-rich communities.
Property Type
LandCounty
Los AngelesStyle
LandAD ID
49552607
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1437
- Lot Size Source: Assessor
- Lot Size Square Feet: 6258
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Listing Information
Listing Price Information
- Original List Price: 2,340,000
- Listing Contract Date: 2025-04-29
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5135028007
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C42 - Downtown L.A.
- Postal Code Plus 4: 3317
- Directions: N of 10 Freeway - W of 101 Freeway
- Zoning: LAR3
- Source Property Type: Land
- Area: C42 - Downtown L.A.
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 05/22/2025 @ 11:17
- MLS: SR25094654
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 6,258 sized lot, and 0 parking. are nearby neighborhoods.