Skip to main content

Millman Team Real Estate

$649,888
0.12 Acre Lot

118 W 87th Place, Los Angeles, California 90003

  • Land Property Type
Property Description

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.

Basic Details
Land
For Sale
26658415
$649,888
None
0.12 Acre
Active
Features
: Other
$0
Address Map
CA
Los Angeles
Los Angeles
TR 337
90003
87th
118
Place
W119° 43' 31.7''
N33° 57' 27.7''
Located on West 87th Place between Main St and Broadway. East of the 110 and North of the 105 freeways.
C37 - Metropolitan South
W
LAR3
Additional Information
$0
$0
$0
$0
$0
: Flat
107 x 50
2026-03-02
698888
https://www.themls.com/properties/vt/CA/Los-Angeles/118-87th-Pl/LND/26658415
Broker/Agent Information
Compass
Hooman Morvarid
Listing Information
CLW-C145518
CLW-X8146116
Active
2026-05-12T23:38:31Z
CRMLS
: Standard
2026-03-02T00:00:00Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us