RTI Permitted Affordable Housing
1022 N Ardmore Ave, Los Angeles, CA 90029
- Added:
- Apr 27, 2026
- Days on Market:
- 16
- Last Refresh:
- May 12 at 5:06 pm
Property Features for 1022 N Ardmore Ave
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- LAR3
- Standard status
- Active
- APN
- 5537-018-021
- Size
- 25,292 SF
- Lot size
- 0.20 Acres
Listing agent Daniel Lalezari License #01949474 (310) 650-4220
Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA (310) 623-1300
Listing date Apr 27, 2026
MLS# 26810513
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- RTI (Ready to Issue) permit project: Shovel‑ready vacant land allows immediate start to construction.
- High‑density affordable housing development: Approved for 57 units (40 one‑bedroom, 17 studios) in a high‑demand area.
- Significant cost savings: Type V construction, stackable design, and no parking requirements reduce construction costs.
- Prime location in Hollywood: Walk Score of 87, near Sunset Blvd, restaurants, shops, employment hubs, and public transportation (Vermont/Sunset Metro).
- Strong income potential: Estimated gross monthly income of $123,044 and yearly gross income of $1,476,528 based on current rent schedules.
- TOC Tier 3 location: Benefits from Transit Oriented Communities incentives, enhancing project viability.
Overview
Located in Hollywood, Los Angeles, this property at 1022 N ARDMORE AVE presents a fully entitled, ready-to-issue (RTI) permit project, ideal for developers, investors, contractors, and builders. The shovel-ready project is designed for 100% affordable ED1 housing, featuring 57 units, including a manager's office that can be converted into a unit. The design includes 40 one-bedroom units and 17 studios within a Type V, four-story structure with all wood frame floors, situated on an approximately 9,000 square foot lot with an alley. This stackable design covers 25,292 square feet, with units ranging from approximately 300 to 456 square feet. The property is located in a TOC Tier 3 area, near the Vermont/Sunset Metro Subway Station, offering walkability and bike-friendliness. The location is close to Sunset BLVD, with a walk score of 87, near restaurants, coffee shops, and shopping centers, and minutes from Larchmont, Silverlake, Hollywood Walk of Fame, Paramount Studios, and Melrose Hills. The design requires no parking, reducing construction costs. Each floor includes a laundry room, outdoor bicycle area, and storage. The property is vacant land, ready for immediate construction. The zoning is LAR3. The lot size is approximately 0.2047 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.301628
- Latitude
- 34.089302
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Ready-to-issue permit project for 57 affordable housing units.
Where is this residential land & home lot located?
The property is located at 1022 N Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: RTI (Ready to Issue) permit project: Shovel‑ready vacant land allows immediate start to construction.; **High‑density affordable housing development: Approved for 57 units** (40 one‑bedroom, 17 studios) in a high‑demand area.; Significant cost savings: Type V construction, stackable design, and no parking requirements reduce construction costs.
