RTI Multifamily Opportunity in Los
For Sale
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2427 Houston St, Los Angeles, CA 90033
Ready-To-Issue 17-unit multifamily development opportunity in Los Angeles.
Property SizeContact for details
Days on Market187
Property Features for 2427 Houston St
General Information
Standard status
Active
Class
C
Property subtype
Land
Zoning
R3-1-CUGU
Listing Agency:
Century 21 A Better Service
(562) 244-8211
Listed By:
Chris Limon · License #01182471
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 Century 21 A Better Service
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a Ready-To-Issue (RTI) 17-unit multifamily property located at 2427 E. Houston Ave., Los Angeles, CA. The property is designed for 17 one-bedroom, one-bath units, offering a desirable unit mix suitable for long-term cash flow. With RTI approvals already secured, this asset provides a streamlined development process, enabling investors to proceed with minimal entitlement risk. The location is centrally situated near major freeways, employment centers, shopping areas, and public transportation, enhancing its appeal to tenants and ensuring convenient accessibility. This property is suited for investors aiming to expand their portfolio, increase density, and maximize returns within a high-demand rental market. It is particularly advantageous for developers or investors seeking to leverage Los Angeles' multifamily growth, value-add potential, and long-term appreciation.
Key Highlights
- RTI (Ready‑To‑Issue) approvals in place, providing a streamlined path to development.
- 17‑unit multifamily building with a desirable mix of one‑bedroom / one‑bath units.
- Centrally located near major freeways, employment hubs, shopping, and public transportation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,952
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Ready-To-Issue 17-unit multifamily development opportunity in Los Angeles.
Where is this residential land & home lot located?
The property is located at 2427 Houston St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: RTI (Ready‑To‑Issue) approvals in place, providing a streamlined path to development.; 17‑unit multifamily building with a desirable mix of one‑bedroom / one‑bath units.; Centrally located near major freeways, employment hubs, shopping, and public transportation.
