Incredible opportunity to build a fully RTI-approved 39-unit affordable housing project in the heart of Pico-Union. Located on a 7,406 SF R3-zoned lot with Tier 8 TOC designation—offering the HIGHEST LEVEL of CITY INCENTIVES. Approved plans include 30 one-bedroom units and 9 studios, totaling approx. 16,157 SF of rentable space and 19,008 SF total building area. Projected monthly income is approx. $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This is a rare, shovel-ready opportunity for investors seeking strong returns, premium incentives, and long-term stability in one of LA’s most transit-connected and high-demand rental submarkets. Close to DTLA, USC, Koreatown, public transportation, and major freeway
Property Details
Price:
$2,200,000
MLS #:
SR25094654
Status:
Active
Baths:
0
Address:
907 W 17th Street 5135028007
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 29, 2025
State:
CA
ZIP:
90015
Lot Size:
6,258 sqft / 0.14 acres (approx)
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- Address907 W 17th Street 5135028007 Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90015
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907 W 17th Street 5135028007
Los Angeles, CA
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