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  • 118 W 87Th Place

118 W 87th Place, Los Angeles, CA 90003

$649,888 Approx. USD 0 beds, 0 baths

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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
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Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
 Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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Fax: 858-451-0932
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Listing Agent


Hooman Morvarid | HM@HoomanRealEstate.com
Lic#: 02192053
Broker: Courtesy of Compass
Phone: 818-292-1100

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26658415
List price is $649,888 Reduced by $49,000 on 5/12/2026
Price: $649,888
Beds: 0
Baths: 0
0.12 acres
Lot size: 0.1231
Subdivision: TR 337
County: Los Angeles
Zoning: LAR3
Lot description: Flat
MLS area: C37 - Metropolitan South

Last Updated: 6/10/2026

 Days On Market (DOM): 111

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This listing belongs to the C37 - Metropolitan South MLS area

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Lat/Long: 33.957686, -118.274527.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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