3303 Floral Drive, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
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Los Angeles, California 90063
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well below the $790,694 Fair Market Value (effectively at market). Featuring Approved Plans for three ultra-modern homes and three ADUs, this project offers significant density potential on a 7,509 sqft lot. With a Condition Rating of 6 (Dilapidated), the value lies entirely in the RTI (Ready to Issue) status and strategic location near the USC Keck Medical District. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking immediate construction readiness.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3303 Floral Drive Subject | $795,000* List Price | 2 | 1 | 1,674 | $472 | - |
A 1211 Atwood Place Sold | $850,000 | 3 | 1 | 1,663 | $511 | 0.7 mi |
B 3190 Blanchard Active | $625,000 List Price | 3 | 1 | 1,216 | $514 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1921 with no evidence of renovation, the structure is boarded up and in a state of severe dilapidation. The property is being marketed as an RTI (Ready to Issue) development project for new construction, confirming the existing building is unlivable and the value lies in the land and approved plans.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7509, living area = 1674.
The project is 'Ready to Issue,' allowing an investor to bypass the lengthy and costly permitting process and begin construction immediately on a high-density modern project.
Situated near USC Keck School of Medicine and Hospital, the property is perfectly positioned to capture high-demand rental interest from medical professionals, faculty, and students.
As a ground-up development project, it requires substantial liquid capital and financing for construction costs well beyond the initial land acquisition price.
While Boyle Heights is seeing growth, the immediate area is still in a phase of redevelopment, which may impact initial appraisal values or neighborhood consistency during construction.
RTI Project with approved plans for three ultra-modern homes and three ADUs, each designed with rooftop decks and city views. This is an exceptional opportunity for a builder or investor to begin construction immediately on a modern tri-level project with private rooftop patios. Designed as a strong build-and-hold investment, the property is well positioned to attract quality tenants seeking contemporary multi-level living, thoughtful design, and desirable lifestyle amenities. Approved Clearances include Architectural Plans, Structural Plans, Grading Plans, Approved Soil Report, Civil Plans, Mechanical and Electrical Plans, BOE Clearances, Sewer Capacity Review, LID Approval, Fire Safety/Hydrants and Access, ADA Approval, ADA Access exemption, DOT Clearance (N/A), and Planning/Housing Clearances (N/A). Located near USC Keck School of Medicine and USC Keck Hospital, the project is ideal for medical professionals, faculty, and students seeking modern homes with greater privacy, functionality, and character than traditional rentals. With continued redevelopment and growth in Boyle Heights, demand for distinctive upscale housing remains strong.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,674 | 1,672 |
| Lot Size | 7,509 | 6,067 |
| Price | $795.0K | $1.37M |
| Price per sq ft | $475 | $801 |
| Built year | 1921 | 1939 |
| HOA | $0 | $348 |
| Days on market | 8 | 56 |
Jul 14, 2026
$795,000
Initial Listing
Mar 2, 2023
$530,000
Public Record