$1,495,000
5304 S Figueroa
Los Angeles, CA, 90037
Property Description
RTI SHOVEL-READY DEVELOPMENT | 32 UNITS | TOC TIER 1
5304–5318 S Figueroa St, Los Angeles, CA
Rare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines.
The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location.
Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles’ most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare.
Offered at $1,495,000.
RTI approvals in hand. Plans and documentation available upon request.
5304–5318 S Figueroa St, Los Angeles, CA
Rare opportunity to acquire a fully entitled, RTI (Ready-To-Issue), shovel-ready development site for a 32-unit, 3-story wood-frame multifamily project located along the S Figueroa corridor in Los Angeles. The project is approved for 100% affordable housing and is positioned to allow a buyer to commence construction immediately, eliminating entitlement risk and lengthy approval timelines.
The site benefits from Transit Oriented Communities (TOC) Tier 1 incentives and is zoned C2-1VL-CPIO, offering valuable development flexibility for affordable housing projects. The property consists of approximately 12,150 SF of land and is delivered vacant, making it ideal for developers seeking a clean, permit-ready opportunity in a high-demand urban infill location.
Strategically located near major transportation routes, employment centers, and neighborhood amenities, the project is well positioned to meet continued demand for affordable housing in one of Los Angeles’ most supply-constrained markets. Fully approved RTI developments of this scale and readiness are increasingly rare.
Offered at $1,495,000.
RTI approvals in hand. Plans and documentation available upon request.
Property Details
Price:
$1,495,000
MLS #:
SR26023639
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
c34losangelessouthwest
Listed Date:
Feb 2, 2026
Lot Size:
12,150 sqft / 0.28 acres (approx)
Schools
Interior
Exterior
Community Features
BIKI
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NO
Financial
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Courtesy of Keller Williams Luxury. 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 Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group 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. 5304 S Figueroa
Los Angeles, CA
