1627 Oak Street, Los Angeles, CA 90015

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1627 Oak Street,Los Angeles, CA 90015
$1,450,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills310-432-6400
MLS#:26670455
Source:CRMLS

Price summary

  • Price:$1,450,000

About this home

Keller Williams Commercial is pleased to present for sale a rare ED1 100% affordable housing RTI development opportunity in the heart of Pico Union, just minutes from Downtown Los Angeles. The project is fully entitled for 39 units and is located within a Section 8 Tier 4 submarket (the highest Section 8 payment tier!), offering enhanced revenue potential and a streamlined path to construction. Approved plans include 30 one-bedroom units, 5 studios, and 4 ADUs, totaling approximately 23,771 square feet of building area. The unit mix consists of 27 units reserved for low-income households, 7 units reserved for moderate-income households, and 5 market-rate units. The subject property is vacant land, eliminating any tenant relocation requirements and further reducing development risk. With RTI permits secured and ED1 advantages in place, the project is truly shovel-ready, allowing a developer to break ground immediately without the time and uncertainty of the entitlement process. Ideally...

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Home facts

  • Listing ID #:26670455
  • Added:12 day(s) ago
  • Updated:April 12, 2026 at 10:34 AM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,450,000
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