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1627 Oak Street, Los Angeles, CA 90015

Los Angeles
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
1627 Oak Street,Los Angeles, CA 90015
$1,390,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:CL26670455
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,390,000

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. At just $35,000/unit, 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...

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Home facts

  • Listing ID #:CL26670455
  • Added:64 day(s) ago
  • Updated:May 23, 2026 at 02:39 PM

Structure and exterior

  • Lot area:0.16 Acres
  • Architectural Style:Unimproved Land

Finances and disclosures

  • Price:$1,390,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at May 23, 2026 CA_BRIDGEMLS Member Broker: Alison Daniels

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