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Corner Lot Four-Unit RTI Project
For Sale
$1,170,000

1511 S New Hampshire, Los Angeles, CA 90006

Delivered vacant corner lot with approved RTI plans and paid permits for a 4-unit conversion project.

Days on Market123

Property Features for 1511 S New Hampshire

General Information

Standard status Active
Property subtype LAND
Listing Agency: Sync Brokerage
Listed By: Rana Khanjani · License #02021891
Source: Milsteinestates
Added: Mar 30 Changed: Jul 26 Last Checked: Jul 30 at 10:47AM

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.

The property is a delivered-vacant corner-lot asset featuring an existing vacant triplex and fully approved RTI plans for a 4-unit project. Public remarks indicate SB8 clearance and paid permits with no entitlement risk, described as shovel-ready for immediate construction. Approved plans call for (2) 5-bed + office / 5-bath units and (2) 4-bed / 5-bath units. Each unit is designed with a private 2-car garage and en-suite bathrooms. Gross building area is noted as 8,202 SF. Renderings may not fully reflect the final plans.

The site is positioned in the Pico-Union / Koreatown corridor, with proximity called out to Koreatown, Downtown LA, USC, and major freeways I-10 and I-110.

An additional opportunity to build ADUs is also mentioned in the provided materials. For full details on the approved scope and permit status, contact the listing agent.

Key Highlights

  • Delivered vacant corner lot with approved RTI plans and approximately $70,000 in paid permits for a 4‑unit conversion project
  • Approved plan set includes 8,202 SF gross building area with a 6,290 SF lot
  • 4‑unit unit mix: (2) 5‑bed + office/5‑bath and (2) 4‑bed/5‑bath units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Carpet & Flooring Store (Bike/Boat/Book/etc) Store HVAC Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,430
Businesses Nearby

Demographics for 90006, CA

58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Delivered vacant corner lot with approved RTI plans and paid permits for a 4-unit conversion project.
Where is this triplex located?
The property is located at 1511 S New Hampshire Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: Delivered vacant corner lot with approved RTI plans and approximately $70,000 in paid permits for a 4‑unit conversion project; Approved plan set includes 8,202 SF gross building area with a 6,290 SF lot; 4‑unit unit mix: (2) 5‑bed + office/5‑bath and (2) 4‑bed/5‑bath units
More about this property
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