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$ 1,250,000
$ 1,350,000 7.4%
Est. payment /mo
Sold on 07/18/2025
1327 West BLVD Los Angeles, CA 90019
UPDATED:
Key Details
Sold Price $1,250,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25094278
Sold Date 07/18/25
HOA Y/N No
Property Description
Fully RTI-approved project in a high-demand, transit-accessible pocket of Mid-Wilshire. This 7,406 SF R4-zoned lot (TOC Tier 2) comes with Ready-To-Issue permits for a 27-unit 100% affordable housing development, including 26 one-bedroom units and one studio. Approved plans offer approximately 12,940 SF of rentable space and 15,360 SF of gross building area. Projected monthly income is approximately $62,928, based on HACLA Section 8 rents—offering strong long-term cash flow and attractive cap rate potential. Located in 90019, a centrally located, rapidly growing neighborhood with easy access to major employment hubs including Downtown LA, Culver City, and Beverly Hills. The property is close to public transit, Metro lines, and major freeways, making it ideal for tenants who value connectivity. Surrounded by a strong rental market, cultural amenities, retail, and dining—this is a standout opportunity for developers and investors seeking a fully entitled, shovel-ready affordable housing project in a thriving Los Angeles location.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description Street Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 5083033018
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
Listed by Rana Khanjani Sync Brokerage 818-723-9071
Bought with Julian Nan Julian Nan
Bought with Julian Nan Julian Nan