118 W 87th PL Los Angeles CA 90003 MLS #26658415
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.
Property Details
Price:
$698,888
MLS #:
26658415
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subdivision:
TR 337
Neighborhood:
c37metropolitansouth
Listed Date:
Mar 2, 2026
Lot Size:
5,362 sqft / 0.12 acres (approx)
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Community
- Address118 W 87th PL Los Angeles CA
- SubdivisionTR 337
- CityLos Angeles
- CountyLos Angeles
- Zip Code90003
Subdivisions in Los Angeles
- 00068
- 12471
- 1788
- 36158
- 71886-06
- Barker Block
- Bel Air crest
- Bel Air Park
- Brentwood Glenn
- Brentwood Park
- Bruce Court
- Custom
- Downtown
- Emerson Manor
- Higgins Building
- Highland Park Extension
- Koreatown, Los Angeles
- LA PALOMA ADD
- Ladera Heights
- Lafayette Square
- Lago Vista
- LAR1
- Las Collinas Heights
- Liddel
- Little Tokyo Lofts
- Los Angeles
- Los Feliz Oaks Neighborhood
- Melrose Hill
- Mercury Condominium
- Metropolis
- Metropolis Prop
- Not Applicable-105
- Not in Development
- Other – 0011
- OTHR
- Park Place
- Point Dume Club of Malibu
- ROBERT MARSH AND CO’S COUNTRY CLUB TERRACE TRACT L
- SB Grand
- Soouth Bonnie Brae Tract
- South Bonnie Brae Tract
- The Diplomat
- The Heights at Ponte Vista
- The McCadden Collection
- The Westford
- TR 337
- West Adams
- WESTMORELAND BLVD
- Willow Glen Estates/Hollywood Hills
- Wilshire Barrington Condominiums
- Winton & McLeod Figueroa St. Tract
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Land in Los Angeles as of Apr 12, 2026
471
Land Listed
156
Avg DOM
$1,568,901
Avg List Price
Property Summary
- Located in the TR 337 subdivision, 118 W 87th PL Los Angeles CA is a Land for sale in Los Angeles, CA, 90003. It is listed for $698,888 and features 0 acres. To schedule a showing of MLS#26658415 at 118 W 87th PL in Los Angeles, CA, contact your The Knight Group LA agent at 503.200.4823.
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Knight Group LA include the name of the listing broker. Neither the listing company nor The Knight Group LA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 118 W 87th PL
Los Angeles, CA