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RTI Affordable Housing Land
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632 E Washington Blvd, Los Angeles, CA 90015

Vacant delivery includes RTI permits for an approved five-story affordable housing project with 71 planned units.

Property SizeContact for details
Days on Market57

Property Features for 632 E Washington Blvd

General Information

Standard status Active
Property subtype Land
Zoning LAM1
Investment Type Redevelopment
Listing Agency: LEV Outdoor
Listed By: Brian Levian · License #CA 01943322
Source: Crexi
Added: Aug 22 Changed: Oct 10 Last Checked: Oct 16 at 9:06AM

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 LEV Outdoor

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Investment Insights

Based on property information with market context.

This commercial land offering includes RTI permits in hand for an approved five-story, 71-unit affordable housing development. The planned unit mix comprises 16 studio units, 50 one-bedroom units, and 5 two-bedroom units. The site contains approximately 9,626 SF of land and currently supports an auto body shop scheduled for vacancy and demolition before delivery.

Located at 632 E Washington Blvd in Los Angeles, the property is positioned near Downtown Los Angeles and the Fashion District, with access to major employment centers, transit, and the 10 and 110 freeways. The site is within HACLA’s Tier 8 zone and offers Washington Boulevard frontage suitable for high-visibility signage or branding elements.

Key Highlights

  • RTI permits in hand for an approved 5‑story, 71‑unit affordable housing development
  • Unit mix includes 16 studio units, 50 one‑bedroom units, and 5 two‑bedroom units
  • Approximately 9,626 SF of land area

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Daycare Center Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care

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

5,263
Businesses Nearby

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

Market

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019
6.1% 2020
6% 2021
5.7% 2022
5.6% 2023
6% 2024
6.2% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Vacant delivery includes RTI permits for an approved five-story affordable housing project with 71 planned units.
Where is this commercial land located?
The property is located at 632 E Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,090,000.
What are key features of this property?
This property features: RTI permits in hand for an approved 5‑story, 71‑unit affordable housing development; Unit mix includes 16 studio units, 50 one‑bedroom units, and 5 two‑bedroom units; Approximately 9,626 SF of land area
More about this property
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