Date
Details
Price
Change
Source
3/02/2026
Listed
$698,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$698,888 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 118 W 87th Pl
General
- Price: $698,888
- Status: Active
- Type: Lots/Land
- Source: CLAW
- MLS ID: 26658415
- Updated: 3/3/2026
- Added to Site: 2 day(s) ago
Location
- Area: Metropolitan South
- County: Los Angeles
- Driving Directions: Located on West 87th Place between Main St and Broadway. East of the 110 and North of the 105 freeways.
Utilities
- Gas: In Street
- Sewer: In Street
- Water: In Street
- Telecomm.: In Street
Lot Features
- Lot Size (Acres): 0.1231
- Lot Size: 5362
- Lot Size Source: Assessor
- Lot Dimensions: 38 x 67
- Topography: Flat
- Lot Features: Alley Access
- Land Improvements: Previous Triplex Demolished with permits. Soil Investigation Report available. Architectural plans completed. Permit RTI
- Present Use: Vacant Land (Demolished)
- Potential Use: New 3-Story Apartment with roof deck, Type VA, 11-unit apartment building-TOC-T-3 ED-1, 100% (9 E.LI. & 2 L.I. units) affordable housing
- Cleared: Yes
- Zoning: LAR3
- Lot Description: Fenced, Redevelopment Area, Single Lot
Financial Considerations
- Price Per Sq. Ft.: $467.17
- Assessment Amount: Buyer to Verify
Disclosures and Reports
- Disclosures/Reports: Affordable Housing Qualified, As Is, Building Permit, Building Plans Available, Planned Development, Property Report, Soils Report
- APN: 6040-021-018
Listed by Compass, Hooman Morvarid
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Listing agent
— 118 W 87th Pl —
Hooman Morvarid
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 118 W 87th Pl
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Dr. Owen Lloyd Knox Elementary School 8919 Main Street, Los Angeles, CA 90003 | K-5 | 0.2 mi |
Bret Harte Preparatory Middle School 9301 South Hoover Street, Los Angeles, CA 90044 | 6-8 | 0.9 mi |
Academy For Multiligual Arts And Science At Mervyn M. Dymally High 8800 San Pedro Street, Los Angeles, CA 90003 | 9-12 | 0.4 mi |
John C. Fremont Senior High School 7676 San Pedro Street, Los Angeles, CA 90003 | 9-12 | 0.9 mi |
Public Service Community At Diego Rivera Learning Complex 6100 South Central Avenue, Los Angeles, CA 90001 | 9-12 | 2.1 mi |
Communication And Technology At Diego Rivera Learning Complex 6100 South Central Avenue, Los Angeles, CA 90001 | 9-12 | 2.1 mi |
Green Design At Diego Rivera Learning Complex 6100 South Central Avenue, Los Angeles, CA 90001 | 9-12 | 2.1 mi |
Performing Arts Community At Diego Rivera Learning Complex 6100 South Central Avenue, Los Angeles, CA 90001 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 W 87th Pl
Tax History
Tax History for 118 W 87th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,417
3%
$593,028
4%
2023
$7,178
41%
$570,000
39%
2022
$5,091
1%
$410,115
2%
2021
$5,049
-1%
$402,074
1%
2020
$5,097
4%
$397,952
2%
2019
$4,903
1%
$390,150
2%
2018
$4,841
81%
$382,500
89%
2017
$2,673
3%
$202,012
2%
2016
$2,601
1%
$198,052
2%
2015
$2,566
-1%
$195,078
2%
2014
$2,594
—
$191,258
—
2013
$2,594
—
$190,395
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 W 87th Pl
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- Single Family
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118 W 87th Pl, Los Angeles, CA 90003 (MLS# 26658415) is a Lots/Land property with a lot size of 0.1231 acres. 118 W 87th Pl is currently listed for $698,888 and was received on March 02, 2026. Want to learn more about 118 W 87th Pl? Do you have questions about finding other Lots/Land real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.