118 W 87th Place, Los Angeles 90003

$649,888

Previous Next

5,362

Lot Size

Listing Agent
Hooman Morvarid - Compass

About 118 W 87th Place

RTI Affordable Development Site, 11-unit ED1 TOC Tier 3, priced to move. The existing triplex has been demolished. Permit-ready affordable housing development opportunity with an issued grading permit and a building permit application that is Ready to Issue (RTI). Proposed 3-story apartment project, positioned for a buyer seeking a fast path to start work without going back through full entitlement. Attached documents include LADBS grading permit and receipt, soils report, and City soils approval letter, LADBS building permit status showing Ready to Issue, approved plan set, and recorded affordable housing covenant running with the land. Buyer to review the covenant and verify all requirements.

Features of 118 W 87th Place

MLS® # 26658415
Price $649,888
Bathrooms 0.00
Lot Size 5,362
Type Land
Status Active

Community Information

Address 118 W 87th Place
Area C37 - Metropolitan South
Subdivision TR 337
City Los Angeles
County Los Angeles
Zip Code 90003

Amenities

View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Flat

Additional Information

Date Listed March 2nd, 2026
Days on Market 190
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentHooman Morvarid
OfficeCompass

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?