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.
Lot/land
Price cut: $49K (5/12)
$649,888
118 W 87th Pl, Los Angeles, CA 90003
--beds
--baths
5,362Square Feet
Unimproved Land
Built in ----
5,362 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 142 days |
- 56 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Hooman Morvarid DRE # 02192053 818-355-2700,
Compass 818-783-7721
Source: CLAW,MLS#: 26658415
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Fenced
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 5,362 Square Feet
- Dimensions: 107 x 50
- Features: Redevelopment Area, Single Lot
- Topography: Flat
Details
- Parcel number: 6040021018
- Zoning: LAR3
- Special conditions: Standard
Utilities & green energy
- Gas: In Street
- Sewer: In Street
- Water: In Street
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $593,028
- Annual tax amount: $7,417
- Date on market: 3/3/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$3,335/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Price change | $649,888-7% |
Source:  CLAW #26658415 Report a problem | ||
| 3/3/2026 | Listed for sale | $698,888-13.2% |
Source: CLAW #26658415 Report a problem | ||
| 2/1/2026 | Listing removed | $805,000 |
Source:  SDMLS #SR25129029 Report a problem | ||
| 6/23/2025 | Listed for sale | $805,000+41.2% |
Source: SDMLS #SR24221351 Report a problem | ||
| 8/2/2022 | Sold | $570,000-1.6% |
Source: Public Record Report a problem | ||
| 2/21/2022 | Contingent | $579,000 |
Source:  CRMLS #MB21193034 Report a problem | ||
| 11/11/2021 | Price change | $579,000-3.3% |
Source: CRMLS #MB21193034 Report a problem | ||
| 9/29/2021 | Price change | $599,000-4.9% |
Source: CRMLS #MB21193034 Report a problem | ||
| 9/3/2021 | Listed for sale | $630,000+21.2% |
Source: CRMLS #MB21193034 Report a problem | ||
| 9/16/2020 | Listing removed | $520,000 |
Source: Excellence RE Real Estate #MB19270673 Report a problem | ||
| 12/24/2019 | Pending sale | $520,000 |
Source: Excellence RE Real Estate #MB19270673 Report a problem | ||
| 11/27/2019 | Listed for sale | $520,000 |
Source: Excellence RE Real Estate #MB19270673 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,417 +1.4% | $593,028 +2% |
| 2024 | $7,316 +1.9% | $581,400 +2% |
| 2023 | $7,178 +40.3% | $570,000 +39% |
| 2022 | $5,115 +1.3% | $410,115 +2% |
| 2021 | $5,049 -0.9% | $402,074 +1% |
| 2020 | $5,097 | $397,952 +2% |
| 2019 | $5,097 +5.3% | $390,150 +2% |
| 2018 | $4,841 | $382,500 +89.3% |
| 2017 | $4,841 +81.1% | $202,012 +2% |
| 2016 | $2,673 +2.8% | $198,052 +1.5% |
| 2015 | $2,601 +0.3% | $195,078 +2% |
| 2014 | $2,594 | $191,258 +2.5% |
| 2012 | -- | $186,662 +2% |
| 2011 | -- | $183,003 +0.8% |
| 2010 | -- | $181,636 -0.2% |
| 2009 | -- | $182,068 +2% |
| 2008 | -- | $178,499 +2% |
| 2007 | -- | $175,000 +2% |
| 2006 | -- | $171,570 |
| 2005 | -- | $171,570 +4% |
| 2004 | -- | $164,910 +1.9% |
| 2003 | -- | $161,889 +2% |
| 2002 | -- | $158,716 +4% |
| 2000 | -- | $152,555 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 6/10Dr. Owen Lloyd Knox Elementary SchoolGrades: K-6Distance: 0.2 mi
- 2/10Bret Harte Preparatory Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Academy For Multiligual Arts And Science At Mervyn M. Dymally HighGrades: 9-12Distance: 0.3 mi
- $1,024,0002 bd1 ba1k sqft122 W 87th Pl, Los Angeles, CA 90003Off Market
- $830,1003 bd2 ba2.5k sqft126 W 87th Pl, Los Angeles, CA 90003Off Market
- $522,3002 bd1 ba972 sqft115 W 88th St, Los Angeles, CA 90003Off Market
- $970,1003 bd1 ba-- sqft121 W 88th St, Los Angeles, CA 90003Off Market
- $497,4002 bd1 ba754 sqft125 W 88th St, Los Angeles, CA 90003Off Market
- $630,8003 bd2 ba1.6k sqft132 W 87th Pl, Los Angeles, CA 90003Off Market
- $699,4004 bd3 ba2k sqft131 W 88th St, Los Angeles, CA 90003Off Market
- $614,4003 bd2 ba1.6k sqft127 W 87th Pl, Los Angeles, CA 90003Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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