1511 S New Hampshire Ave

Los Angeles CA 90006

6290 sq. ft.

Land

Currently for sale - view listing

Overview

**PRICED TO SELL** 4-UNIT RTI DEVELOPMENT OPPORTUNITY WITH PAID PERMITS | SB8 CLEARED | SHOVEL READY | DELIVERED VACANT. Exceptional investment opportunity in the Pico-Union/Koreatown corridor featuring an existing vacant triplex on a 6,290 SF corner lot. The property includes fully approved RTI plans and approximately **$70,000 in paid permits**, allowing a developer to begin construction without the lengthy entitlement process. The approved project offers approximately 8,202 SF of gross building area with an attractive unit mix consisting of **Four Townhome Units w/ Attached 2-Car Garage** - Two 5-bed (plus office) / 5-bath units and Two 4-bed / 5-bath units. Each unit features en-suite bathrooms throughout and a private two-car garage, making the project well suited for co-living, student housing, or high-demand rental use. Additional ADU potential may exist, subject to buyer verification and applicable city requirements. Centrally located near Koreatown, Downtown Los Angeles, USC, and the I-10 and I-110 freeways. An excellent build-to-sell or long-term investment opportunity. Renderings are conceptual and may not reflect the final approved plans. Buyer to independently verify all plans, permits, square footage, development potential, and ADU feasibility.

Features

6290 sq. ft. lot size

Land

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