Description
Rare opportunity to acquire a fully entitled, shovel-ready RTI development site for a 3 story, 38-unit multifamily project in Los Angeles Southwest / South Los Angeles. This 100% affordable housing project is approved for approximately 20,500 SF of building area on a 12,323 SF lot, allowing a buyer to immediately commence construction and avoid years of entitlement risk and delays. The project qualifies under Transit Oriented Communities (TOC) Tier 1, with Tier 2 incentives applicable for 100% Affordable Housing, offering substantial density and development advantages. This is an ideal opportunity for affordable housing developers, mission-driven investors, and operators seeking a permit ready project in a high demand urban infill location. Strong fundamentals include proximity to public transportation, major employment centers, and essential neighborhood services, supporting long-term housing demand. With approvals in place and RTI status secured, this offering represents a turn-key development opportunity in one of Los Angeles most supply-constrained housing markets. RTI approval in hand. Projects of this size, scale, and readiness are extremely rare.
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School Ratings & Info
Description
Rare opportunity to acquire a fully entitled, shovel-ready RTI development site for a 3 story, 38-unit multifamily project in Los Angeles Southwest / South Los Angeles. This 100% affordable housing project is approved for approximately 20,500 SF of building area on a 12,323 SF lot, allowing a buyer to immediately commence construction and avoid years of entitlement risk and delays. The project qualifies under Transit Oriented Communities (TOC) Tier 1, with Tier 2 incentives applicable for 100% Affordable Housing, offering substantial density and development advantages. This is an ideal opportunity for affordable housing developers, mission-driven investors, and operators seeking a permit ready project in a high demand urban infill location. Strong fundamentals include proximity to public transportation, major employment centers, and essential neighborhood services, supporting long-term housing demand. With approvals in place and RTI status secured, this offering represents a turn-key development opportunity in one of Los Angeles most supply-constrained housing markets. RTI approval in hand. Projects of this size, scale, and readiness are extremely rare.
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