Property Details
About this Property
RTI SHOVEL-READY DEVELOPMENT | 32 UNITS | TOC TIER 1 5304–5318 S Figueroa St, Los Angeles, CA Rare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines. The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location. Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles’ most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare. Offered at $1,495,000. RTI approvals in hand. Plans and documentation available upon request.
MLS Listing Information
MLS #
CRSR26023639
MLS Source
California Regional MLS
Days on Site
4
Parking, School, and Other Information
HOA Fee
$0
Zoning
D7
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5304 S Figueroa is in Los Angeles, CA 90037. This Land is currently priced at $1,495,000. This address can also be written as 5304 S Figueroa, Los Angeles, CA 90037.
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This listing information is up-to-date as of February 02, 2026. For the most current information, please contact Deborah Moussighi
