2515 Houston St Los Angeles, CA 90033
Property Features for 2515 Houston St
General Information
- Lot size
- 0.16 Acres
Source:
Elliman
Listing Agency: Equity Smart Real Estate Services
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multi-Family Development Opportunity
This real estate opportunity features 7,001.5 square feet of land zoned RD1.5-1-CUGU, and will be delivered with Ready-To-Issue (RTI) fully stamped and approved plans for a 37-unit multi-family building, allowing for immediate commencement of construction. The proposed development includes 28 low-income units (80%), 8 moderate-income units (20%), and 1 manager's unit. The units are projected to generate approximately $70,000 to $80,000 in monthly income, representing a potential 10% ROI. The property is conveniently located near major freeways, hospitals, the arts district, Downtown Los Angeles (DTLA), Cal State LA, East LA Community College, and Dodger Stadium.
Location Intelligence
Current Use by Public Records
Land
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2025488
- Latitude
- 34.0502449
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Land with RTI for 37 units near Downtown Los Angeles.
Where is this land located?
The property is located at 2515 Houston St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,899,999.
What are key features of this property?
This property features: - RTI (Ready-To-Issue) building permits for 37 units, **allowing immediate construction commencement.**; - High-density zoning (RD1.5-1-CUGU) on a 7,001.5 sq ft lot.; - **Projected monthly income of $70,000-$80,000, representing a 10% ROI.**