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907 W 17Th St Los Angeles, CA 90015

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For Sale
$2,200,000

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

Property Features for 907 W 17Th St

General Information

Standard status
Active
Source: Corcoran

Listing Agent: Rana Khanjani

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

RTI Approved Affordable Housing Project

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Ugh Apartment Complex The Network Systems Administrator Computer Support And Services

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.2763526
Latitude
34.039106

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 St 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.
More about this property
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