Approved Affordable Housing Development
For Sale
$1,990,000
907 W 17th Street, Los Angeles, CA 90015
RTI-approved 39-unit affordable housing development in Los Angeles.
Property Size19,008 SF
Lot Size0.16 Acres
Price / SF$104.69
Days on Market467
Property Features for 907 W 17th Street
General Information
Standard status
Active
Size
19,008 SF
Lot size
0.16 Acres
Property subtype
Lots/Land
Listing Agency:
Sync Brokerage
(818) 723-9071
Listed By:
Rana Khanjani · License #02021891
(818) 723-9071
Source:
Exitrealty
Added: Apr 30, 2025
Changed: Aug 8
Last Checked: Jul 15 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sync Brokerage
Investment Insights
Based on property information with market context.
Located in the Pico-Union neighborhood of Los Angeles, 907 W. 17th Street presents a development opportunity for affordable housing. The property features a fully RTI-approved 39-unit ED1 development situated on a 6,930 square foot R3-zoned lot. The project benefits from TOC Tier 8 incentives. The approved plans include approximately 16,157 rentable square feet and 19,008 gross square feet of living space. The unit mix consists of 30 one-bedroom apartments, 5 studios, and 4 accessory dwelling units. The property is projected to generate $121,341 in monthly income based on current HACLA Section 8 rents. The RTI permits are secured, and the project is shovel-ready. Pico-Union is noted as a rapidly evolving neighborhood with ongoing investment, cultural vibrancy, and infrastructure improvements. The location provides access to freeways, Metro rail, and bus lines, ensuring connectivity to Downtown Los Angeles, USC, and surrounding job centers. This development represents an opportunity to create affordable housing in an in-demand submarket.
Key Highlights
- Fully RTI‑approved 39‑unit ED1 development, eliminating entitlement risk.
- Projected monthly income of $121,341 based on current HACLA Section 8 rents.
- Located in Pico‑Union, a rapidly evolving neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - RTI-approved 39-unit affordable housing development in Los Angeles.
Where is this residential land & home lot 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 $1,990,000.
What are key features of this property?
This property features: Fully RTI‑approved 39‑unit ED1 development, eliminating entitlement risk.; Projected monthly income of $121,341 based on current HACLA Section 8 rents.; Located in Pico‑Union, a rapidly evolving neighborhood.
