Lot/land

$698,888

118 W 87th Pl, Los Angeles, CA 90003

--beds

--baths

5,362.24Square Feet

Unimproved Land

Built in ----

5,362.24 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

32 days

76

4

Facts & features

Property

Features

Fencing: Fenced
Has view: Yes
View description: None
Waterfront features: None

Lot

Size: 5,362.24 Square Feet
Dimensions: 38 x 67
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
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

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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