
Los Angeles, California 90034
RTI DEVELOPMENT OPPORTUNITY – FOUR-UNIT PROJECT Excellent opportunity for developers and investors! This property comes with RTI (Ready-to-Issue) plans for a four-unit development, offering a thoughtfully designed project with two 4-bedroom, 4-bathroom units and two 3-bedroom, 3-bathroom units. The planned development provides a strong mix of spacious floor plans and modern living spaces, making it an attractive addition to the area. A great opportunity to build a new multifamily property with plans already in place and move forward toward construction. Buyer to verify all plans, permits, dimensions, and development details with the appropriate city departments.
Property is land value only, full reconstruction required.
Built in 1945, the existing structure is over 80 years old and completely unlivable, featuring severe structural defects such as holes in the ceiling, a damaged roof, and a completely trashed interior. The property is being sold strictly for land value as a development opportunity with Ready-to-Issue (RTI) plans for a new four-unit project.
The property comes with Ready-to-Issue (RTI) plans for a four-unit project, significantly reducing the time, cost, and risk associated with the city entitlement and permitting process.
Situated in the highly desirable 90034 zip code, the property offers excellent proximity to major employment hubs, transit, and the amenities of West Los Angeles and Culver City.
The planned development features a robust mix of two 4-bedroom and two 3-bedroom units, maximizing potential rental income and catering to the high demand for multi-family housing in the area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 14, other record bedroom count = 3.
As a ground-up development project, it requires significant additional investment beyond the purchase price for construction, labor, and materials.
The buyer is tasked with verifying all plans, permits, and dimensions with city departments, placing the burden of technical accuracy and regulatory compliance on the investor.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 4.9 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 14.0 | 3.0 |
| Baths | 14.0 | 2.0 |
| Square foot | 1,201 | 1,670.836 |
| Lot Size | 5,681 | 6,152.156 |
| Price | $1.39M | $1.34M |
| Price per sq ft | $1.2K | $807 |
| Built year | 1945 | 1941 |
| HOA | $0 | $238 |
| Days on market | 45 | 56 |
Sep 25, 2026
$1,390,000
Initial Listing
Jun 29, 2000
$230,000
Public Record