RTI Approved Affordable Housing
For Sale
$2,200,000
907 W 17th Street, Los Angeles, CA 90015
Approved 39-unit affordable housing project in Pico-Union, Los Angeles.
Property SizeContact for details
Days on Market488
Property Features for 907 W 17th Street
General Information
Standard status
Active
Listing Agency:
SYNC BROKERAGE
(818) 723-9071
Listed By:
RANA KHANJANI · License #02021891
Source:
Corcoran
Added: Apr 30, 2025
Changed: Mar 16
Last Checked: Apr 12 at 7:51PM
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.
This is an opportunity to build a 39-unit affordable housing project in Pico-Union. The project is fully RTI-approved and located on a 7,406 square foot R3-zoned lot with Tier 8 TOC designation. The approved plans include 30 one-bedroom units and 9 studios, totaling approximately 16,157 square feet of rentable space and 19,008 square feet total building area. The location is near Downtown Los Angeles, USC, Koreatown, public transportation, and major freeways. The projected monthly income is approximately $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This project offers incentives and long-term stability in a transit-connected and high-demand rental submarket.
Key Highlights
- Fully RTI‑approved 39‑unit affordable housing project, shovel‑ready for immediate development.
- Tier 8 TOC designation provides the highest level of city incentives.
- Projected monthly income of approximately $104,832 based on updated HACLA payment standards.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,146
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Approved 39-unit affordable housing project in Pico-Union, Los Angeles.
Where is this apartment building 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 $2,200,000.
What are key features of this property?
This property features: Fully RTI‑approved 39‑unit affordable housing project, shovel‑ready for immediate development.; Tier 8 TOC designation provides the highest level of city incentives.; Projected monthly income of approximately $104,832 based on updated HACLA payment standards.
