118 W 87th Place, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:ERA Excel Realty
118 W 87th Place,Los Angeles, CA 90003
$698,888
  • 0.12 Acres
  • Lots / Land
  • Active
Listed by: hooman morvarid
Office: compass
MLS#:26658415
Source:CRMLS

Price summary

  • Price:$698,888

About this home

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.

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Home facts

  • Listing ID #:26658415
  • Added:1 day(s) ago
  • Updated:March 03, 2026 at 11:38 AM

Structure and exterior

  • Lot area:0.12 Acres
  • Lot Features:Flat

Finances and disclosures

  • Price:$698,888
Based on information from California Regional Multiple Listing Service, Inc. as of March 3, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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