Triplex with RTI Development
For Sale
Contact for pricing
8867 Alcott St, Los Angeles, CA 90035
Vacant triplex offers RTI plans for 17 units in a five-story structure over two levels of subterranean parking.
Property SizeContact for details
Days on Market120
Property Features for 8867 Alcott St
General Information
Standard status
Active
Property subtype
Land, Multifamily
Additional Details
Multifamily Units
3
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2808
Listed By:
Filip Niculete · License #CA 01905352
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 8:11AM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
The property is currently improved with a vacant triplex building, positioned as a real-time investor development opportunity (RTI). The RTI plans contemplate a 5-story, above-ground residential structure totaling 17 units, constructed over two levels of subterranean parking.
The project is described as grandfathered into the TOC program under a Tier 3 designation because the application was already in the city’s system prior to the transit rezoning in June 2019. The remarks state the city will no longer allow this type of building, with the cited height and density, in the specific area. The site is in Pico Robertson, approximately two blocks outside the Beverly Hills city border.
The remarks also indicate that no tenants were relocated through the Ellis Act and no relocation fees were paid. All entitlement fees are reported as paid, including LADWP, allowing a buyer to pull building permits after closing escrow. The property is noted as eligible for a TOC condo tract, with the process described as requiring appropriate city paperwork and an estimated fee of approximately $30,000, taking about one year and able to run concurrently with construction.
The project is described as grandfathered into the TOC program under a Tier 3 designation because the application was already in the city’s system prior to the transit rezoning in June 2019. The remarks state the city will no longer allow this type of building, with the cited height and density, in the specific area. The site is in Pico Robertson, approximately two blocks outside the Beverly Hills city border.
The remarks also indicate that no tenants were relocated through the Ellis Act and no relocation fees were paid. All entitlement fees are reported as paid, including LADWP, allowing a buyer to pull building permits after closing escrow. The property is noted as eligible for a TOC condo tract, with the process described as requiring appropriate city paperwork and an estimated fee of approximately $30,000, taking about one year and able to run concurrently with construction.
Key Highlights
- Vacant triplex property with RTI plans for 17 units in a five‑story above‑ground structure.
- Plans include two levels of subterranean parking for the 17‑unit development.
- Site is grandfathered into the TOC program as a Tier 3 designation, based on application already in the city’s system before June 2019 transit rezoning.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 90035, CA
30,294
Population
13,795
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
13,171
Density / Sq Mi
$108,224
Median Household Income
$67,202
Median Earnings
$2,486
Median Rent
$1,844,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant triplex offers RTI plans for 17 units in a five-story structure over two levels of subterranean parking.
Where is this triplex located?
The property is located at 8867 Alcott St Los Angeles, CA.
What are key features of this property?
This property features: Vacant triplex property with RTI plans for 17 units in a five‑story above‑ground structure.; Plans include two levels of subterranean parking for the 17‑unit development.; Site is grandfathered into the TOC program as a Tier 3 designation, based on application already in the city’s system before June 2019 transit rezoning.
