Incredible opportunity to build a fully RTI-approved 39-unit affordable housing project in the heart of Pico-Union. Located on a 7,406 SF R3-zoned lot with Tier 8 TOC designation—offering the HIGHEST LEVEL of CITY INCENTIVES. Approved plans include 30 one-bedroom units and 9 studios, totaling approx. 16,157 SF of rentable space and 19,008 SF total building area. Projected monthly income is approx. $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This is a rare, shovel-ready opportunity for investors seeking strong returns, premium incentives, and long-term stability in one of LA’s most transit-connected and high-demand rental submarkets. Close to DTLA, USC, Koreatown, public transportation, and major freeway
Lot/land
Listing Provided by:
Rana Khanjani DRE #02021891 818-723-9071,
Sync Brokerage
Price cut: $140K (7/30)
$2,200,000
907 W 17th St LOT 5, Los Angeles, CA 90015
--beds
--baths
6,258Square Feet
Unimproved Land
Built in ----
6,258 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 96 days
- on Zillow |
- 28 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 12:06pm
Listing Provided by:
Rana Khanjani DRE #02021891 818-723-9071,
Sync Brokerage
Source: CRMLS,MLS#: SR25094654
Originating MLS: California Regional MLS

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 6,258 Square Feet
- Features: Corner Lot
Details
- Parcel number: 5135028007
- Zoning: LAR3
- Special conditions: Standard
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Los Angeles
Financial & listing details
- Date on market: 4/29/2025
- Listing terms: Cash,Cash to New Loan
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