Deborah Moussighi

$1,495,000

0.28 Acres

Los Angeles, California, 90037

RTI SHOVEL-READY DEVELOPMENT | 32 UNITS | TOC TIER 15304–5318 S Figueroa St, Los Angeles, CARare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines.The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location.Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles’ most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare.Offered at $1,495,000.RTI approvals in hand. Plans and documentation available upon request.

$1,450,000

0.28 Acres

Los Angeles, California, 90003

Rare opportunity to acquire a fully entitled, shovel-ready RTI development site for a 3 story, 38-unit multifamily project in Los Angeles Southwest / South Los Angeles. This 100% affordable housing project is approved for approximately 20,500 SF of building area on a 12,323 SF lot, allowing a buyer to immediately commence construction and avoid years of entitlement risk and delays. The project qualifies under Transit Oriented Communities (TOC) Tier 1, with Tier 2 incentives applicable for 100% Affordable Housing, offering substantial density and development advantages. This is an ideal opportunity for affordable housing developers, mission-driven investors, and operators seeking a permit ready project in a high demand urban infill location. Strong fundamentals include proximity to public transportation, major employment centers, and essential neighborhood services, supporting long-term housing demand. With approvals in place and RTI status secured, this offering represents a turn-key development opportunity in one of Los Angeles’ most supply-constrained housing markets. RTI approval in hand. Projects of this size, scale, and readiness are extremely rare.