907 W 17th Street Los Angeles, CA 90015

Listing office SYNC BROKERAGE r***@syncbrokerage.com Show Phone

Listing date Apr 30, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

This is an opportunity to build a 39-unit affordable housing project in Pico-Union. The project is fully RTI-approved and located on a 7,406 square foot R3-zoned lot with Tier 8 TOC designation. The approved plans include 30 one-bedroom units and 9 studios, totaling approximately 16,157 square feet of rentable space and 19,008 square feet total building area. The location is near Downtown Los Angeles, USC, Koreatown, public transportation, and major freeways. The projected monthly income is approximately $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This project offers incentives and long-term stability in a transit-connected and high-demand rental submarket.

Key Highlights

• Fully RTI‑approved 39‑unit affordable housing project, shovel‑ready for immediate development.
• Tier 8 TOC designation provides the highest level of city incentives.
• Projected monthly income of approximately $104,832 based on updated HACLA payment standards.

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FAQs

What type of property is this?

Apartment building - Approved 39-unit affordable housing project in Pico-Union, Los Angeles.

Where is this apartment building located?

The property is located at 907 W 17th Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Fully RTI‑approved 39‑unit affordable housing project, shovel‑ready for immediate development.; Tier 8 TOC designation provides the highest level of city incentives.; Projected monthly income of approximately $104,832 based on updated HACLA payment standards.