Listing provided courtesy of Rana Khanjani of Sync Brokerage. Last updated 2025-04-30 09:25:33.000000. Listing information © 2024 Sandicor.
Asking Price: $2,340,000
907 17th, Los Angeles CA 90015
Community:
This Lots/Land property was built in and is priced at $2,340,000. Please see the additional details below.
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-Unionone of LAs 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 LAs most underbuilt and transit-rich communities.
